Maggie McCarty, Coordinator
Specialist in Housing Policy
Libby Perl
Specialist in Housing Policy
Katie Jones
Analyst in Housing Policy
Eugene Boyd
Analyst in Federalism and Economic Development Policy
The President’s FY2013 budget requests nearly $34 billion in net new budget authority for the Department of Housing and Urban Development (HUD) in FY2013. This is about $4 billion less than was provided in FY2012. However, in terms of new appropriations for HUD’s programs and activities, the President’s budget actually requests an increase of more than $512 million compared to FY2012. The difference—a decrease in net budget authority versus an increase in new appropriations—is attributable to an estimated increase in the amount of excess receipts available from the FHA insurance fund, which are used to offset the cost of the HUD budget. The President’s budget requests increases in funding for public housing and homelessness assistance grants. The President’s budget requests decreases in funding for the project-based Section 8 rental assistance program and several community development-related programs.
S. 2322, the Transportation, HUD, and Related Agencies FY2013 appropriations bill reported by the Senate Committee on Appropriations, includes about $35 billion in net new budget authority for HUD. That is about $1 billion more than the President’s request and more than $2 billion less than was provided in FY2012. In terms of new appropriations for HUD’s programs and activities (not accounting for offsets), S. 2322 would provide about $1 billion more than the President’s request and $2 billion more than FY2012. The largest increase is provided for the project-based Section 8 rental assistance account.
The House Appropriations Committee passed its version of the FY2013 Transportation-HUD appropriations bill on June 19, 2012 (H.R. 5972). It includes $33.6 billion for HUD, which is less than the Senate but more than the President requested. The bill includes increased funding for the Community Development Block Grant program, but no new funding for the HOPE VI/Choice Neighborhoods program.
Date of Report: June 22, 2012
Number of Pages: 25
Order Number: R42517
Price: $29.95
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