{"id":1773,"date":"2017-03-10T00:00:00","date_gmt":"2017-03-10T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/white-house-weighs-a-6-billion-cut-to-hud\/"},"modified":"2017-03-10T00:00:00","modified_gmt":"2017-03-10T00:00:00","slug":"white-house-weighs-a-6-billion-cut-to-hud","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/white-house-weighs-a-6-billion-cut-to-hud\/","title":{"rendered":"White House Weighs a $6 Billion Cut to HUD"},"content":{"rendered":"

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The Trump administration reportedly is considering cuts at the Department of Housing<\/a> and Urban Development of more than $6 billion, which could particularly hit public housing support programs hard, according to The Washington Post.\u00a0<\/p>\n

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Read more<\/strong>: Ben Carson Confirmed as HUD Secretary<\/span><\/p>\n<\/blockquote>\n

The potential cut is expected to reduce public housing support and end most federally funded community development grants, such as those that help to repair abandoned properties in low-income neighborhoods.<\/p>\n

HUD\u2019s preliminary budget would shrink by about 14 percent to $40.5 billion in fiscal 2018, if approved, The Washington Post reports. Up to $1.3 billion could be cut from the public housing capital fund, while\u00a0 $600 million from a public housing operating fund could be affected. That means programs on the chopping block could include the HOME Investment Partnerships Program, which provides block grants for local communities to build affordable housing<\/a>, and Choice Neighborhoods, a program that invests in redeveloping low-income communities. Also, programs like the Community Development Block Grant Program could\u00a0have its $3 billion in funds cut entirely.<\/p>\n

The budget document \u201cis still a work in progress,\u201d says HUD spokesman Jereon Brown.<\/p>\n

The preliminary budget does generally continue the level of funding<\/a> for rental assistance programs, The Washington Post reports. HUD reportedly will recommend that many of the programs targeted for budget\u00a0reductions surrounding\u00a0building maintenance and community development projects be funded by other agencies.\u00a0<\/p>\n

Some housing agencies are already expressing concerns\u00a0about the preliminary budget.<\/p>\n

\u201cThese sorts of cuts could \u2026 increase the number of families and people who are homeless because housing is less affordable,\u201d Marc Morial, president of the National Urban League, told The Washington Post.<\/p>\n

President Donald Trump has a goal to cut domestic spending by $54 billion in order to provide greater support to the defense budget. Trump will release the complete budget plan next week.\u00a0<\/p>\n

John Czwartacki, Office of Management and <\/span>Budget <\/span>spokesman, called the HUD budget document an \u201cinternal discussion\u201d at this point and too preliminary to comment on yet.\u00a0<\/p>\n

\u201cThe president and his Cabinet are working collaboratively as we seek to create a budget that keeps the president\u2019s promises to secure the country and prioritize taxpayer funds,\u201d Czwartacki said.<\/p>\n

Source: \u201cTrump Administration Considers $6 Billion Cut to HUD Budget,\u201d The Washington Post (March 8, 2017)<\/em><\/p>\n

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The Trump administration reportedly is considering cuts at the Department of Housing and Urban Development of … White House Weighs a $6 Billion Cut to HUD<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1774,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1399,525,63,12908,543,617,344,41,818,678,15296,842],"class_list":["post-1773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-development","tag-donald-trump","tag-for-rent","tag-home","tag-home-buying-guide","tag-house","tag-housing","tag-property","tag-real","tag-rental","tag-target","tag-trump"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/esNHdQ0iwAk","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1505,"url":"https:\/\/amazingproperty.com.ng\/blog\/ben-carson-confirmed-as-hud-secretary\/","url_meta":{"origin":1773,"position":0},"title":"Ben Carson Confirmed as HUD Secretary","author":"Amazing Property","date":"March 2, 2017","format":false,"excerpt":"[ad_1] The U.S. Senate today confirmed retired pediatric neurosurgeon Ben Carson to be the 17th secretary of the Department of Housing and Urban Development. 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