Truck Accident News

Bush Administration Seeks $38.5 Billion HUD Budget in 2009

WASHINGTON – The Bush Administration’s Fiscal Year 2009 Budget seeks $38.5 billion for the U.S. Department of Housing and Urban Development, which represents a $3.2 billion or nine percent increase over the President’s proposed budget for FY 2008 and $1 billion more than HUD’s current budget authority. In revealing details of next year’s proposed spending blueprint, HUD Secretary Alphonso Jackson noted the 2009 Budget includes significant increases for housing counseling, homeless assistance and affordable housing programs.

“This budget demonstrates President Bush’s commitment to protecting homeownership by helping families facing foreclosure, while recognizing the need for more affordable rental housing,” said Jackson. “The President is also making certain that HUD’s budget once again includes record funding to support homeless individuals and families.”

The 2009 Budget seeks a record $1.636 billion to support thousands of local homeless programs; $2 billion to promote local affordable housing development; and $29.4 billion for rental assistance for low-income families.

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