Posted To: MND NewsWire
The U.S. Department of Housing and Urban Development (HUD) released its proposed 2018 budget on Tuesday, saying it will continue to provide rental assistance for 4.5 million households. The bottom line is about $41 billion in discretionary spending, down from about $57 billion in mandatory and discretionary spending in 2017. Support appears to be continued at or near 2017 budget levels for many programs although several were eliminated completely. Rental assistance will apparently continue through existing programs such as Housing Choice Voucher, Project Based Rental Assistance, Housing for the Elderly and for Persons with Disability although raises are proposed to tenant rent contributions "with some protections for those who experience hardships." HUD says, "The Administration seeks to provide...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2rxFHQt
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