HUD says the landmark budget will provide affordable housing orhomeownership assistance for nearly 7.5 million families in the coming year.
Secretary Andrew Cuomo today hailed Congress approval of this years budget forthe Department of Housing and Urban Development as a victory for working families across the nation.Responding to President Clintons fiscal year 2001 budget request, it is the highest funding levelapproved by Congress since 1981. The landmark budget will provide affordable housing orhomeownership assistance for nearly 7.5 million families in the coming year.The $32.4 billion in program funding approved by Congress and sent to President Clinton todayrepresents a $4.2 billion or 16 percent increase over fiscal year 2000.* The budget includesacross-the-board increases in virtually every HUD program, including record funding for communitydevelopment and housing block grants (CDBG and HOME), record funding for homeless assistance,record funding for Native American programs, and the largest increase in housing vouchers in morethan 15 years.
Thanks to Abhijeet Chavan
FULL STORY: HUD No. 00-288
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