The House Appropriations Subcommittee on Transportation, Housing and Urban Development released its fiscal year 2027 spending bill this week. The bill proposes $71.4 billion for HUD, roughly $6 billion or nearly 8% below the fiscal year 2026 enacted level. The bill includes cuts to rental assistance, fair housing enforcement, housing counseling, and the HOME Investment Partnerships (HOME) Program. The bill would also prohibit HUD from enforcing the CARES Act 30-day eviction notice requirement and bar the agency from updating minimum energy efficiency standards for new federally financed housing.
Earlier this year, NAR sent a letter to the leadership of the House and Senate Appropriations Committee urging full funding for HUD programs, including the Housing Choice Voucher program, housing counseling, fair housing, and HOME. NAR will continue to engage with appropriators in both chambers as the process moves forward.