Legislative & Policy
Current Legislative Issues
Comments to HUD Due July 24
Senate Allocates over $88 Billion While House Allocates over $65 Billion
Over the Memorial Day weekend, President Biden and House Speaker Kevin McCarthy announced the Bipartisan Budget Agreement to raise the debt ceiling. This morning, the U.S. House of Representatives released the Fiscal Responsibility Act of 2023, which would raise the debt ceiling until 2025. According to news media reports, the Fiscal Responsibility Act of 2023 includes the following:
New OMB and Center on Budget and Policy Priorities Numbers Show GOP’s Debt Ceiling Bill Would Have Devastating Impact on Public Housing
Amidst the looming threat of a debt default triggered by breaching the debt ceiling, the White House and the Center on Budget and Policy Priorities released new numbers that show the damage the GOP budget bill would inflict on public and affordable housing.