Funding HUD Programs Will Require Reallocation
The Congressional Budget Office (CBO) has released the report “Analysis of the President’s 2015 Budget,” which analyzes the President’s fiscal year (FY) 2015 Budget Proposal and presents updated baseline budget projections.
According to the CBO’s analysis, Federal Housing Administration (FHA) receipts would generate $4.3 billion less in funding than that projected in the President’s Budget Proposal.
Funding HUD programs at the level requested in the Administration’s budget will therefore require reallocation of funds from other areas in order to make up the difference.
Click here to read the full report.