Housing Wire: Here’s what Trump’s proposed budget means for housing

Housing Wire: Here’s what Trump’s proposed budget means for housing
May 23, 2017 Peter

Money tighteningPresident Donald Trump officially released his proposal for the 2018 federal budget which includes a $6.2 billion cut to the U.S. Department of Housing and Urban Development. The cut was previously announced in the president’s preliminary budget proposal in March. Now, the full budget proposal released Tuesday gives insight into the allocation of funds for HUD. HUD’s funding would decrease about 13.2% to $40.68 billion under the proposed budget.

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