The Campaign for Housing and Community Development Funding (CHCDF) is hosting a webinar on June 12 from 2 to 3 pm ET. The webinar will focus on HUD’s final fiscal year (FY) 2024 spending bill and the outlook for HUD and U.S. Department of Agriculture (USDA) affordable housing funding in FY25. Register for the webinar here.
The caps imposed by the Fiscal Responsibility Act of 2023 (FRA) limit spending increases to just 1% in FY24 and FY25. Despite the caps and lower receipts from the Federal Housing Administration, which help offset the cost of HUD’s programs, HUD received an overall funding increase of $8.3 billion in FY24. However, funding levels for many individual HUD programs were cut from FY23 levels. With appropriators at work on their FY25 proposals – and still operating under the constraints of the FRA – advocates must continue pushing for increased funding for HUD’s and USDA’s crucial affordable housing, homelessness, and community development programs in the coming fiscal year.
Join CHCDF to learn about the successes and challenges associated with the final FY24 budget and the outlook for HUD and USDA affordable housing funding in FY25.
Register for the webinar here.