Federal Government Policy and Business

White House budget: HUD to see bump

The Washington Post: The president’s proposed budget includes $49.3 billion for the Department of Housing and Urban Development, about $4 billion more than what Congress approved for fiscal 2015.

The administration asked for funds to help 4.7 million low-income families afford rent. About $21.1 billion of it would go toward the Housing Choice Voucher program – enough to cover all the existing vouchers, as well as restore 67,000 that were cut due to the 2013 sequestration. Another $10.8 billion would be invested in the Project-Based Rental Assistance Program. In a report, also released Monday, HUD says more than 7.7 million renter households put more than half their income toward rent, live in substandard housing, or both.

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