The proposed 2018 budget released by the Donald Trump administration seeks to provide for "one of the largest increases in defense spending without increasing the debt," stated in the opening message from President Trump. It will also cut 13.2 percent of the overall 2018 budget for the Department of Housing and Urban Development (HUD), according to the 64-page document. Budget cuts across various government departments will be the source of funding for the planned increase in defense spending, so this budget doesn't reduce overall government spending but instead shifts money to defense from other areas of the government. Last week, preliminary budget numbers were released that indicated HUD was facing a $6 billion cut; in an email to staff, HUD Secretary Ben Carson said that "starting numbers are rarely final numbers" -- but it appears as though these stuck. “The discretionary budget plan released today by President Trump aligns with Agency plans to provide rent...
- Trump's proposed budget will cut 13.2 percent of HUD's cash in 2018.
- It would do this by eliminating several programs, including some community development and affordable housing programs.
Faster. Better. Together.
Inman Connect San Francisco, Jul 16-20, 2018