Testifies at Budget Hearing
On February 25, 2015, U.S. Dept. of Housing and Urban Development (HUD) Secretary Julián Castro testified at a hearing for HUD’s fiscal year (FY) 2016 budget request that President Obama’s proposed budget is “about the results we deliver for the vulnerable.”
At the hearing, which was held by the House Transportation, Housing and Urban Development, and Related Agencies (T-HUD) Appropriations Subcommittee, Secretary Castro said the President’s proposed budget funding level of $21.1 billion for the Housing Choice Voucher program would preserve existing vouchers and fully restore vouchers lost to sequestration funding cuts by adding 67,000 new vouchers. That would help 2.4 million low-income families afford housing.
“The Budget also includes $10.8 billion for the Project-Based Rental Assistance program to maintain affordable rental housing for 1.2 million families, and provides $6.6 billion in operating and capital subsidies to preserve affordable public housing for an additional 1.1 million families.”
Click here to read Secretary Castro’s testimony