Affordable Housing Online has released a new online tool that estimates the impact of the Trump’s proposed $172M in FY18 HUD budget cuts in NJ.
President Donald Trump
NJ Hill Day was another great success! More than ever, it was critical this year to share our concerns about President Trump’s budget cuts to Congress.
The White House has proposed $18B in cuts to Non-Defense Spending (NDD) including $1.75B from HUD to offset increases in defense spending in FY17.
Trump’s budget cuts represent the most severe funding threat to HUD since the early days of the Reagan administration, said Diane Yentel of the NLIHC.
Federal housing spending is unbalanced as it targets a disproportionate share of subsidies on higher-income households and they favor home-ownership.