HUD Budget Proposed for FY 2021

Posted On: February 10, 2020

Ebony Hall

President Trump’s proposed FY 2021 budget includes about $48 billion for the U.S. Department of Housing and Urban Development (HUD). Most of that money for the HUD budget ($41.3 billion) will go towards helping Americans to pay their rent.

According to HUD, over 4.6 million low-income families pay their rent with federal support. The department’s numbers also show more than half a million people are homeless. The amount requested for the 2021 HUD budget would support the same number of rental-assisted households as last year. At the same time, the Administration is re-proposing what HUD calls “a bold set of reforms to ensure the programs are sustainable for the future.”

Also included in the budget:

  • $2.8 Billion to Assist the Fight to End Homelessness
  • $425 Million to Boost Healthy Homes
  • $190 Million for the Family Self-Sufficiency Program
  • $100 Million for Rental Assistance Demonstration (RAD) program.

In addition, the Department is reintroducing a plan to reform the nation’s housing finance system. That plan, according to HUD, ”¬†ensures the Federal Housing Administration (FHA) and Government National Mortgage Association (GNMA or Ginnie Mae) will continue to perform their important missions effectively, responsibly, and sustainably for many years to come.”

HUD Budget

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