HUD will get $65.7 Billion Spending Budget in 2022 Omnibus Bill
Industry Update
March 11, 2022
Source: mpamag.com
The Senate has passed a $1.5 trillion spending bill that provides funding for all federal agencies, including the Treasury and the Department of Housing and Urban Development (HUD).
The FY2022 omnibus bill, which is now cleared to be signed into law by President Joe Biden, also provides $13.6 billion to address the crisis in Ukraine, according to the House Appropriations Committee.
For HUD funding, the omnibus provides $65.7 billion, a sequential $5.34 billion increase from a year ago. However, it is $3 billion less than the FY2022 request, $2.74 billion less than the FY2022 House THUD bill, and $304 million more than the Senate draft FY 2021 THUD bill, according to accounting services organization Novogradac.
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