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House 2010 Appropriation Bill Includes $47 Billion for HUD
The House on July 24 approved a $123.1 billion fiscal 2010 Transportation, Housing and Urban Development (THUD) Appropriations Bill by a vote of 256 to168.
The Senate is not expected to consider its THUD bill until mid- to late-September.
The House measure would provide $47 billion for the Department of Housing and Urban Development, including $18.04 billion for tenant-based Section 8 rental assistance and $8.1 billion for project-based Section 8 rental assistance.
In other areas of interest to home builders, the spending bill would provide $250 million for the Hope VI program, $4.6 billion in Community Development Block Grants, $25 million for brownfields redevelopment, $2 billion for the HOME program and $70 million for housing counseling assistance.
The legislation would also extend the current Federal Housing Administration, Fannie Mae and Freddie Mac conforming loan limits through Sept. 30, 2010.
Both the House and Senate are required to complete the annual appropriations process prior to the start of the next fiscal year, which begins on Oct. 1, 2009.
For more information, e-mail Jenna Hamilton at NAHB, or call her at 800-368-5242 x8407.
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