Bush proposes modest increase in HUD budget
Tuesday, February 5th, 2008The Bush administration proposes scaling back or eliminating six Department of Housing and Urban Development programs to save $1.6 billion, while boosting the department’s overall budget by $1 billion, to $38.5 billion.
The administration’s proposed fiscal-year 2009 budget for HUD would include $2 billion for federal block grants for affordable housing for low-income families — a $263 million increase in funding for the HOME Investment Partnerships Program. The increase will help an additional 13,000 families find affordable housing, HUD said.
investment property