President Obama’s fiscal year 2015 budget for the U.S. Department of Housing and Urban Development (HUD), released on March 4, 2014, proposes increased funding for many programs compared to the fiscal year 2014 appropriation. The budget proposes language that would change some aspects of the public housing program, and provides a preview of HUD legislative proposals.
The budget suggests the following funding for HUD programs:
- It calls for $1.925 billion for the public housing capital fund, a slightly higher amount than the $1.875 billion funded in fiscal year 2014.
- The Public Housing Operating Fund would be funded at $4.6 billion, a 4.5 percent increase over the fiscal year 2014 funding amount of $4.4 billion.
- Renewal funding of $18 billion for housing choice vouchers is intended to support renewal of all vouchers in use in 2014 and is intended to restore reductions that resulted from the 2013 sequestration funding cut.