House Appropriations Committee Approves HUD’s FY 2006 Budget
On Tuesday, June 21, the full House Appropriations Committee approved HUD’s budget for FY 2006. The full committee allocations matched the amounts approved by the House Appropriations Committee’s Transportation, Treasury, and HUD subcommittee last week. Both the full committee and subcommittee approved keeping CDBG at HUD and not granting the administration’s request for a 50% cut to Section 811 Disabled Housing. HUD appropriations will now move to the House floor to receive a vote, probably next week. The following are the specific allocation amounts by the full committee:
Section 8 tenant-based assistance: $15.53 billion
- $765 million above FY 2005 but $314 million below the President’s request
- Per the Committee press release, “Funding for the renewal of vouchers is significantly increased by $735 million to restore the reduction mandated last year and fund all anticipated increases in the costs.”
Section 8 project-based assistance: $5.1 billion
- $210 million below FY 2005 but $16 million above the President’s request
- The Committee press release states, “This fully funds all contracts including inflation and expands the use of inspectors to ensure that tenants live in decent affordable housing.”
CDBG: $4.15 billion
- $519 million below FY 2005
- President proposed consolidating CDBG and moving it to the Dept. of Commerce
HOME: $1.9 billion
- Same funding as FY 2005 and $41 million below the President’s request
- The bill increased the formula grant $60 million above the request
Section 202 Elderly: $741 million
- Same funding as FY 2005 and the President’s request
Section 811 Disabled: $238 million
- Same funding as FY 2005 and $118 million more than the President’s request
Senate Appropriations Committee Approves Rural Housing Service’s FY 2006 Budget
The Senate Appropriations Agriculture Subcommittee approved USDA appropriations on Tuesday, June 21, and the full committee approved them on Thursday, June, 23, clearing the way for them to be voted on by the full Senate. The following are the specific allocation amounts by the full committee:
Section 521 rural rental assistance received $653 million
- $61 million more than FY 2005
- $3 million more than requested by the President and approved by the House
Section 515 rural rental housing loans received $90 million
- $10 million below both FY 2005 and the amount approved by the House
- $63 million above the President’s request
Section 538 multi-family guaranteed loans received $100 million
- Same funding as FY05 and the amount approved by the House
- $100 million below the President’s request
