HUD’s 2012 Budget Sees $3.8 Billion Loss, Some Casualties

The Department of Housing and Urban Development will operate in 2012 with $3.8 billion less than its prior-year budget, as the result of an appropriations mini-bus bill including the HUD budget that passed through Congress last month and was signed into law by President Obama on November 18.

The housing department budget, now amounting to $37.3 billion including $4 million in funding for housing counseling that will go to HUD-approved HECM counseling agencies, ultimately received $4.7 billion less than the administration’s request for 2012. The cut amounts to a 9% loss, year over year.

One casualty of the cuts was the Partnership for Sustainable Communities, for which HUD received $100 million in 2011 and which had a request of $150 million for 2012. The funding for the program, which helped build affordable housing, was zeroed out by the passage of the minibus bill.

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The “mini-bus” passed earlier this month included budget appropriations to fund several government departments including HUD and the Department of Transportation through 2012. Other appropriations are still pending passage by the House and Senate.

Written by Elizabeth Ecker

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