{"id":6563,"date":"2023-03-15T16:41:29","date_gmt":"2023-03-15T16:41:29","guid":{"rendered":"https:\/\/affordablehousingonline.com\/blog\/?p=6563"},"modified":"2023-04-05T16:57:19","modified_gmt":"2023-04-05T16:57:19","slug":"hud-budget-proposes-small-increases-for-affordable-housing","status":"publish","type":"post","link":"https:\/\/affordablehousingonline.com\/blog\/hud-budget-proposes-small-increases-for-affordable-housing\/","title":{"rendered":"HUD budget proposes small increases for affordable housing"},"content":{"rendered":"\n
\"President
President Biden speaks to a Philadelphia, PA crowd about his Fiscal Year 2024 budget plan.<\/figcaption><\/figure>\n\n\n\n

President Biden\u2019s Fiscal Year 2024 Budget<\/a> calls for small increases for most affordable housing programs in the regular government funding process. This includes a request for more Section 8 Housing Choice Vouchers<\/p>\n\n\n\n

Biden is also seeking long term major housing investments through \u201cmandatory spending\u201d proposals, although these have no hope of passing in the Republican-controlled House.<\/p>\n\n\n\n

The president is seeking $73.3 billion for HUD in FY 2024. This is $1.1 billion more than FY 2023, or a 1.6% increase. Almost all HUD programs would get a slight increase.<\/p>\n\n\n\n

Of special interest to low-income renters is Biden\u2019s $32.7 billion request for Section 8 Housing Choice Vouchers.<\/p>\n\n\n\n

This is enough to renew all current vouchers, plus add 50,000 new vouchers. In addition, the president proposes serving another 130,000 families with vouchers paid for from program reserves.<\/p>\n\n\n\n

Biden\u2019s FY 2024 Budget also requests major affordable housing investments by way of \u201cmandatory spending\u201d proposals. Mandatory spending means that these programs will be automatically funded each year without going through the regular appropriations process.<\/p>\n\n\n\n

House Republicans will not support any new mandatory spending. If so, they will be rejecting $3 billion for eviction protection (including Emergency Rental Assistance), $9 billion in rental vouchers for youth aging out of foster care, and $13 billion to provide rental assistance to all extremely low-income veterans.<\/p>\n\n\n\n

Keep scrolling for more top headlines in affordable housing this week \ud83d\udd3d<\/p>\n\n\n\n

HUD calls for landlords to remove \u201cjunk fees\u201d from rental applications<\/h4>\n\n\n\n

HUD Secretary Marcia L. Fudge called for landlords and property managers to limit junk fees charged to rental housing applicants.<\/p>\n\n\n\n

In an open letter to rental housing providers<\/a>, including state and local governments, the Secretary called for an end to junk fees that place a huge burden on low-income renters looking for housing.<\/p>\n\n\n\n

Secretary Fudge called on landlords to make application fees fair and transparent. Not only are application fees high in many places, additional \u201cjunk\u201d administrative or screening fees can cripple the budgets of low-income apartment seekers.<\/p>\n\n\n\n

The Secretary called for state and local governments to work with landlords to get rid of junk fees and make sure that the fees charged to tenants are fair and pay for actual services. <\/p>\n\n\n\n

Secretary Fudge called for:<\/p>\n\n\n\n