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House and Senate FY24 THUD Spending Bills Advance out of Appropriations Committees

Both the U.S. House of Representatives and U.S. Senate Committees on Appropriations have released their respective proposals for the Transportation, Housing and Urban Development (THUD) Fiscal Year 2024 spending bill. The House bill includes deep cuts to some HUD programs but appears to adequately fund most rental assistance programs. On the other hand, the Senate bill proposes increased funding for key HUD programs across the board, amounting to about $1.86 billion more HUD funding than the House bill. Stark differences in the bills foreshadow what will likely be a difficult appropriations process when Congress returns from recess in September. However, both bills fail to invest enough money for HUD to maintain existing levels of assistance, due to the topline funding caps provided under the “Fiscal Responsibility Act.” The National Low Income Housing Coalition created a chart comparing each of these budget proposals, which you can find here.

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