US: Congress Completes Busy Week on Housing Appropriations
National Association of Home Builders – July 20, 2023
The Senate Appropriations Committee today approved its Transportation, Housing and Urban Development, and Related Agencies fiscal year 2024 funding bill, and the measure includes $70.06 billion for HUD. The Senate bill also maintains critical support for HUD rental assistance programs, which assist nearly 5 million vulnerable households – more than half of whom are elderly or people with disabilities. This includes $31.7 billion for tenant-based Section 8 vouchers – a $1.5 billion increase above fiscal year 2023 – which includes funding to make 4,000 new incremental vouchers available to youth aging out of foster care and veterans at risk of or experiencing homelessness. The House bill provides $31.13 billion for this program.
https://www.nahb.org/blog/2023/07/hud-spending