President Joe Biden is seeking a hefty $9 billion increase for the Department of Housing and Urban Development (HUD).
His fiscal 2022 discretionary spending request proposes a major expansion of key HUD programs, including 200,000 additional housing vouchers.
The plan provides $68.7 billion for HUD, a $9 billion, or 15%, increase over the 2021 enacted level. The proposal calls for:
· $30.4 billion for the Housing Choice Voucher program, an increase of $5.4 billion over the 2020 level to maintain services for all currently assisted families and expand assistance to an additional 200,000 households, particularly those who are homeless or fleeing domestic violence;
· $3.5 billion for homeless assistance grants, an increase of $500 million over 2021.These resources would complement the $5 billion in emergency housing vouchers provided in the American Rescue Plan;
· $1.9 billion for the HOME Investment Partnerships program, a $500 million increase over the current budget, to construct and rehabilitate affordable rental housing and to support other housing-related needs. According to the administration, this would be the highest level of HOME funding since 2009. The proposal provides $180 million to support 2,000 units of new permanently affordable housing for the elderly and persons with disabilities;
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