On Monday, the White House released its FY 2023 budget proposal, which requests $71.9 billion in discretionary funding for HUD and $50 billion for “Addressing Cost Pressures and Expanding Economic Capacity.”  

Of the $50 billion, $10 billion would go towards LIHTC expansion, $35 billion in mandatory funding to HUD to provide HFAs funding to incentivize efforts to remove barriers to affordable housing development, and $5 billion in funding to Treasury’s CDFI Fund to support financing of new construction and substantial rehabilitation of affordable rental and for-sale housing. If the $35 billion of mandatory funding is passed, it would occur outside of the annual federal appropriations process as programs, like Social Security and Medicare do. Currently there are no mandatory spending housing programs.  

HUD & USDA Programs
(In millions) 

 FY21
Final 		 FY22
President 		 FY22
House 		 FY22
Senate 		 FY22
Final 		 FY23 President 
Tenant Based Rental Assistance  25,777  30,442  29,215  27,719  27,370 

32,130 

Public Housing Capital Fund 

 2,942  3,678  3,718  3,794  3,388  3,200 
Public Housing Operating Fund  4,864  4,917  4,922  5,044  5,064 

5,035 

Choice Neighborhoods Initiative 

 200  185  400  200  350  250 

Hsg. Opp. for Persons with AIDS (HOPWA) 

 430  450  600  450  450 

455 
Community Development Fund (CDBG)  3,475  3,770  4,688  4,190  4,841 

3,770 

HOME Investment Partnerships 

 1,350  1,850  1,850  1,450  1,500  1,950 
Rental Assistance Demonstration  0  100  0  0  0 

50 

Project-Based Rental Assistance 

 13,465  14,060  14,010  13,970  13,940  15,000 
Hsg. for the Elderly (202)  855  928  1,033  956  1,033 

966 

Hsg. for Persons w/Disabilities (811) 

 227  272  352  227  352  287.7 
Section 515 Rental Housing Direct Loans  40  40  40  92  50 

200 

Section 521 Rental Assistance 

 1,410  1,450  1,450  1,450  1,450 

1,602