The House Appropriations Committee has approved the Fiscal Year 2025 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act. The bill allocates $90 billion, reducing spending by $7 billion from FY 2024 levels. Despite overall budget reductions, affordable housing is a significant focus, and the bill maintains support for housing assistance programs aimed at vulnerable populations, including the elderly, disabled and veterans. It ensures full renewal of tenant-based rental assistance vouchers and supports project-based rental assistance contracts. Additionally, the legislation responsibly funds homeless assistance grant programs. The bill rejects certain proposed climate and equity initiatives while prohibiting the implementation of federal mandates perceived as burdensome to local jurisdictions and taxpayers.
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