Trump Budget Calls for Deep Cuts to Affordable Housing Programs
On May 23, the Trump administration released its “Taxpayer First” fiscal year 2018 budget request. The request includes the 2018 proposed budget for HUD. HUD’s request includes $40.68 billion in gross discretionary funding for the Department. This amounts to a decrease of 13.2 percent under the proposed budget. The proposed reductions would be implemented primarily through rental assistance reforms and eliminating funding for programs. Additional savings are associated with streamlining HUD’s own internal operations.