If enacted, Trump’s budget would result in the most severe cut to HUD since President Reagan dramatically reduced funding in the early 1980s.
President Donald Trump
The Office of Management and Budget is proposing to slash HUD’s budget for affordable homes and the safety net by 14% or $6B for FY2018.
President Trump has proposed to increase defense funding by $54B in fiscal year 2018, and cut non-defense discretionary (NDD) programs by an equal amount.
On Monday, March 6, at 3:00 p.m., the NLIHC will hold a webinar, “President Trump’s First Budget Could Impact Affordable Housing.”
The report finds that domestic spending, outside Social Security and Medicare, has fallen below its 40-year average and is projected to keep falling.