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Originally, the administration released a budget that would cut the department’s funding to $39.2 billion, bringing the total cuts over the past two years to $8.8 billion or 18.3%. However, early Friday morning, Trump signed a massive spending bill that reopened the government from its second shutdown this year.
KBW: Here’s how Shelby bill will affect banks and mortgage finance That’s because no matter who wins control of the chamber in November, the likely next chairman of the Senate Banking Committee won’t be a fan of the Federal Reserve, say Keefe, Bruyette & Woods.
New HUD budget proposes massive cuts to affordable housing programs In a proposal that’s anything but populist, the administration would strip vital funding for vulnerable residents of both urban.
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Plan would cut HUD’s budget by $6 billion. indicating the money could come from outside the HUD budget as part of a separate White House bill.. said that even flat funding for HUD’s core.
The bill would level fund HUD Housing Counseling funding at $45 million and cut funding for the National Foreclosure Mitigation Counseling (NFMC) program to $50 million. The bill would provide $4.4 billion for the Public Housing Operating Fund and would cut the public housing capital fund to $1.8 billion.
Reduce funding for new affordable housing and impose deep cuts in other areas across the HUD budget. The bill would cut funding for the HOME Private Investment Partnerships program, which helps states and localities rehabilitate or build new affordable rental housing and assist low-income homeowners, by $300 million – or 30 percent – below the 2014 level.
Tom Wolf has vetoed a bill. all sides will get back together after the legislature’s summer recess to reconsider the state aid to the counties, and Hill said he hoped that will be the case since.
House bill guts National Housing Trust Fund, threatens fair housing. On June 9, the House approved, by a 216 to 210 vote, its THUD FY16 funding bill (H.R. 2577). The bill provides $42 billion for HUD, which is $1 billion above the FY15 enacted level but $3 billion less than the President requested in his budget.
Lengthy foreclosure timelines carry hidden costs for homebuyers Alternatively, a fixer-upper that needs work on just about everything – often referred to in the real estate industry as "estate condition" – will require them to factor the projected cost of the..
The bill would also eliminate all funding for the Department of Energy, International Assistance Programs, and makes cuts in other agencies, including the Department of Agriculture as well as the Department of Education.
As with all things in Albany. REAL ESTATE, with POLITICO New York’s Sally Goldenberg: – "City housing officials raise red flags about federal funding cuts," by POLITICO New York’s Sally Goldenberg:.
Even after it became apparent that these tax cuts were not going to pay for themselves, he voted for another bill to make them permanent. Thanks to Smucker’s vote, and those of his Republican.
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