{"id":1917463,"date":"2023-04-21T01:40:24","date_gmt":"2023-04-21T05:40:24","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-proposes-100-billion-budget-fix-for-us-affordable-housing-crisis\/"},"modified":"2023-04-21T01:44:50","modified_gmt":"2023-04-21T05:44:50","slug":"biden-proposes-100-billion-budget-fix-for-us-affordable-housing-crisis","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-proposes-100-billion-budget-fix-for-us-affordable-housing-crisis\/","title":{"rendered":"Biden Proposes $100 Billion Budget Fix for US \u2018Affordable Housing Crisis\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-proposes-100-billion-budget-fix-for-us-affordable-housing-crisis%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1917463&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"post_content\">\n<div class=\"aplayer_app\" data-source=\"https:\/\/vs1.youmaker.com\/assets\/2023\/0420\/46160a25-ab63-41b9-a2b1-5e6c13b6d3e1\/audio.mp3?length=5613165&#038;duration=468\"><\/div>\n<\/p>\n<p>President Joe Biden\u2019s fiscal 2024 (FY24) budget request seeks $73.3 billion for the Department of Housing and Urban Development (HUD), a $1.1 billion increase from its fiscal 2023 budget, and calls for a dramatic boost in affordable housing allocations over the next decade.<\/p>\n<p>HUD\u2019s proposed spending plan incorporates annual budget requests from 16 offices within the department, the Federal Housing Administration, and the Government National Mortgage Association.<\/p>\n<p>Among the priorities cited in the budget request is to distribute $104 billion in \u201cmandatory affordable housing investments\u201d over the next 10 years to create dedicated funding and tax credits \u201cto tackle the nation\u2019s housing affordability crisis by making a historic investment in lowering housing costs,\u201d according to <a href=\"http:\/\/2024-HUD-Budget-in-Brief-Final.pdf\">HUD\u2019s 42-page FY24 Budget Brief.<\/a><\/p>\n<figure id=\"attachment_3820958\" style=\"width: 600px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2021\/05\/18\/GettyImages-1187693837-1200x800.jpg\"><figcaption class=\"wp-caption-text\"><noscript><\/noscript><\/figcaption><\/a> Then-Democrat presidential candidate Sen. Bernie Sanders (I-Vt.) (L) and Rep. Alexandria Ocasio-Cortez (D-N.Y.) in Washington to introduce legislation to transform public housing as part of their Green New Deal proposal in 2019. (Chip Somodevilla\/Getty Images)<\/figure>\n<p>Other budget request priorities include $32.7 billion for HUD\u2019s Housing Choice Voucher Program to help an additional 180,000 low-income families; $3.7 billion to assist domestic violence victims, vulnerable youth, and human trafficking victims find housing; and $2.3 billion for \u201cinvesting in critical staffing and information technology needs.\u201d<\/p>\n<p>HUD\u2019s budget request also highlights a $752 million proposal to support energy improvements; $410 million to \u201cremove dangerous health hazards from homes\u201d; $90 million for \u201cFair Housing\u201d programs; and revisions to \u201cimprove the transparency\u201d of the Community Development Block Grant\u2013Disaster Recovery Program.<\/p>\n<p>During an hour-long April 20 hearing before the Senate Appropriations Committee\u2019s 15-member Transportation, Housing and Urban Development Subcommittee, HUD Secretary Marcia Fudge called on the Democrat-controlled Senate to ensure that the Republican-held House understands that requiring Biden\u2019s FY24 budget request to conform to fiscal 2022 funding levels is fruitless exercise certain to be dead on arrival in the upper chamber.<\/p>\n<p>\u201cOur programs touch every community in every town in every state but most of all, they help people, they help families from all walks of life,\u201d she said.<\/p>\n<p>\u201cI understand budgetary constraints, but I would ask we not balance the budget on the backs of poor people, and vulnerable youth, and seniors.\u201d<\/p>\n<h2>Senate: GOP Budget Reversion DOA<\/h2>\n<p>Asked by Sen. Patty Murray (D-Wash.) about how the still-vague House GOP plan to revert to fiscal 2022 funding levels and cap future annual budget increases at 1 percent\u2014which would essentially kill HUD\u2019s proposed $104 billion, 10-year affordable housing fund\u2014would affect her department, Fudge said she could envision numerous immediate effects.<\/p>\n<p>\u201cWe know that if we go to the \u201922 levels, we would lose 350,000 vouchers and be well over $1 billion short in rental assistance contracts for 87,000 affordable units,\u201d she said. \u201cBecause we could not meet our obligations, we would not be able to serve about 50,000 people\u201d in local community homeless programs.<\/p>\n<p>Fudge said the spending request for $1 billion more than last year is a \u201cmodest\u201d increase considering the inflationary pressures on land and interest rate increases imposed by the Federal Reserve.<\/p>\n<figure id=\"attachment_5172981\" style=\"width: 600px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2023\/04\/05\/id5172981-DSC08685-1200x800.jpg\"><figcaption class=\"wp-caption-text\"><noscript><\/noscript><\/figcaption><\/a> Many of the homeless people living in \u201cthe Zone\u201d in Phoenix in April 2023 are seniors with disabilities. (Allan Stein\/The Epoch Times)<\/figure>\n<p>\u201cThings go up. Rent goes up. Prices go up. If we cannot meet the inflation pressures of today, we lose out everywhere,\u201d she said.<\/p>\n<p>If fiscal 2022 funding levels were imposed, Fudge said HUD \u201cwould probably have a hiring freeze and have to lay people off,\u201d which would be the opposite scenario of the one envisioned in its proposed budget, in which most of HUD\u2019s agencies receive funding to bolster staffing.<\/p>\n<p>Without more people, she said, HUD \u201cjust can\u2019t function the way we should because we wouldn\u2019t have the resources we need\u201d to process applications, herd permits through approvals, and coordinate with builders in developing multi-family affordable housing projects and mortgage assistance programs for middle-income families.<\/p>\n<p>\u201cThere is an affordable housing crisis in this nation, a serious challenge for us all\u201d that will require \u201ca whole-of-government approach\u201d to address, Murray said, calling House Republicans\u2019 proposal an admission that \u201cwe have a problem and we will not be addressing it.\u201d<\/p>\n<h2>Rising Rural, Youth, and Senior Homelessness<\/h2>\n<p>Senators asked Fudge how HUD is tailoring assistance programs to adjust to trends in homeless populations, which included m<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden\u2019s fiscal 2024 (FY24) budget request seeks $73.3 billion for the Department of Housing and Urban Development (HUD), a $1.1 billion increase from its fiscal 2023 budget, and calls for a dramatic boost in affordable housing allocations over the next decade. HUD\u2019s proposed spending plan incorporates annual budget requests from 16 offices within<\/p>\n","protected":false},"author":509,"featured_media":1917464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[5696,17002,3620,4463,6170,4344,5392],"class_list":["post-1917463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times","tag-5696","tag-affordable","tag-biden","tag-budget","tag-crisis","tag-housing","tag-proposes"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1917463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/509"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1917463"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1917463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1917464"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1917463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1917463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1917463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}