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Biden’s FY2023 Budget Seeks $70B+ for HUD

The Biden-Harris Administration has submitted its Budget for fiscal year 2023 to Congress [1], and within it, requests $71.9 billion for the U.S. Department of Housing & Urban Development (HUD), approximately $11.6 billion more than 2022.

In addition, the Fiscal Year 2023 Budget [1] requests $35 billion for the Housing Supply Fund [2], a new mandatory program providing grants to State and local housing finance agencies and their partners to invest in strategies to increase the supply of affordable housing.

“HUD's mission is critical to achieving the President's vision to build a better America—one where we are ensuring that every person has a shot to get ahead and addressing longstanding systemic challenges, including racial injustice, rising inequality, and the climate crisis,” said HUD Secretary Marcia L. Fudge [3].

Priorities for the Biden Administration related to HUD in the FY 2023 Budget include:

The President’s FY 2023 Budget supports authorizing the Community Development Block Grant—Disaster Recovery (CDBG-DR) program. For more than 20 years, Congress has appropriated emergency supplemental funds to HUD in response to major disasters to address the unmet long-term disaster recovery needs nationwide. Authorization would improve the transparency and predictability of CDBG-DR funds for impacted communities.

HUD notes that some housing-related challenges can trigger significant mental health distress, and HUD will provide training and technical assistance resources to support its efforts to reduce the impact of housing-related challenges on mental and emotional well-being and improve the experience of the Department’s customers.

The 2023 Budget requests $1.8 billion toward salaries and expenses (S&E), $306 million more than the annualized CR level for 2022, which, in combination with carryover of 2022 funding, will support 8,326 full-time equivalent (FTE) employees. The 2023 Budget will support the gains made in 2021 and projected for 2022 and provide for continued increases in staffing, which will enable the Department to more effectively and efficiently serve households and communities across the country. The Budget also proposes $382 million for the IT Fund, to continue to invest in much needed modernization of HUD’s IT systems, infrastructure, and cybersecurity.

“This Budget tells the American people that the President, and our agency, view housing as a foundational platform to help address the most urgent challenges facing our nation,” added HUD Secretary Fudge. “This Budget will help us meet our mission to provide security and stability for those who live on the outskirts of hope, advance opportunity and equity on behalf of marginalized communities, and meet the existential threats posed by natural disasters and climate change.”