HUD

The significantly reduced budget maintains all existing vouchers (HUD’s largest expense) by increasing expenses for tenants and placing a freeze on rent adjustment increases for PBRA, Section 202, and Section 811, among other strategies.

A copy of a recent internal-draft of President Trump’s FY-18 Budget was obtained by POLITICO and several advocacy organizations.  The document, dated May 4, proposes significant cuts to the HUD Budget.  The expanded document reflects many of the priorities outlined in the “Skinny Budget” released earlier this year by the Trump Administration, though readers should […]

Under Executive Order 13777, a directive to reduce unnecessary regulations, HUD is seeking public comment on how it can streamline existing regulations.

HUD Director for the Office of Recapitalization Tom Davis has been chosen as a finalist for the Management Excellence Medal.

Adolfo Marzol has been appointed as a Senior Advisor at HUD, David Kautter has been nominated for the position of assistant secretary for tax policy within the Treasury Department, and Brian Montgomery has surfaced as President Trump’s likely nomination to head the Federal Housing Administration.

Patenaude currently serves as president of the J. Ronald Terwilliger Foundation for America’s Families.

The $1.07 trillion budget agreement does not include any of the $18 billion in domestic program cuts requested by the White House and will likely be passed this week.

While the report points to incomplete data reporting for various reasons, the data provided could give a general idea regarding LIHTC resident demographics in particular areas.

The national Median Family Income (MFI) increased 3.5% to $68,000 compared to last year.

HUD recently introduced new Utility Benchmarking Guidance that applies to Section 8, Multifamily FHA Insured, and PRAC Properties.

Obtained preliminary budget documents from the Trump Administration reportedly outline a 14% cut for HUD – over $6B. Whether the obtained documents go into OMB’s final budget or not, plans for boosting defense spending by $54 billion, along with some Members of Congress proposing an even higher increase, will create budget consequences for programs like HUD.

By a vote of 58 to 41, the Senate last Thursday confirmed retired neurosurgeon and former Republican presidential candidate Dr. Ben Carson as the next Secretary of Housing and Urban Development.