On July 25, 2024, the full Senate Appropriations Committee passed its Fiscal Year 2025 Transportation-HUD funding bill. The bill passed by a 28-1 vote and includes higher funding levels than the FY 25 House bill, which was passed by the House Appropriations Committee on July 10.
“This bipartisan bill makes critical new investments to help people keep a roof over their head … boost our housing supply, sustain rental assistance, improve America’s roads and bridges, and much more,” said Senator Patty Murray (D- WA), longtime advocate for housing programs and Chair of the Senate Appropriations Committee in an Appropriations Committee press release. “This bill strengthens our efforts at the federal level to address the housing crisis …”
The release also contains proposed FY 25 funding highlights. Some are featured below.
Section 8
- Voucher renewal funding (Housing Assistance Payments) – $32,035 million ($3,544 million more than FY 24)
- Administrative Fees – $2,880 million ($109 million more than FY 24)
- Tenant Protection Vouchers – $300 million ($37 million less than FY 24)
- Family Unification Vouchers (including Foster Youth to Independence vouchers) – $30 million (level funding with FY 24)
- HUD-VASH Vouchers – $15 million (level funding with FY 24)
- Mainstream Vouchers – $811 million (included in the HAP renewals account above)
- Project-Based Rental Assistance (PBRA) – $16,654 million ($644 million more than FY 24)
Public Housing
- Operating Fund – $5.366 billion ($110 million less than FY 24)
- Operating Fund Shortfall – $107 million ($82 million more than FY 24)
- Capital Fund – $3.2 billion (level with FY 24)
Community Development
- HOME – $1.425 billion ($175 million more than FY 24)
- CDBG – $3.3 billion (level with FY 24)
- Homeless Assistance Grants – $4.319 billion ($268 million more than FY 24)
- Choice Neighborhoods – $100 million ($25 million more than FY 24)
The Senate bill is one step toward final FY 25 HUD appropriations. More news will follow when the bill is finalized and signed by the President.