On February 14, President Obama is expected to release his FY12 budget request for federal spending, including for HUD programs. The budget request is the beginning of the FY12 budget process, and comes at a time when Congress is considering massive cuts to funding levels for FY11 (see article above).
In his State of the Union speech, President Obama called for a five-year spending freeze for non-defense, discretionary programs, including HUD’s housing and community development programs. In an op-ed about the FY12 budget in the New York Times on February 5, OMB Director Jacob Lew cited a $300 million cut to CDBG as example of what the President’s budget would offer.
HUD will hold a webcast to review its FY12 request on February 14 at 2pm ET, http://portal.hud.gov/hudportal/HUD?src=/webcasts/schedule. NLIHC will post details of the budget request on its website. In addition, the White House’s Office of Management and Budget, at http://www.whitehouse.gov/omb, and HUD, at http://www.hud.gov, will also post materials on the FY12 request.