Date Published:
March 30th, 2022
On March 28, 2022, the Biden Administration released its fiscal year 2023 (FY23) budget request. The proposal is a substantial increase over previous years, and requests $71.9 billion in discretionary funding for HUD, a $11.6 billion or 9.4 percent increase over the FY22 level.
Highlights from the HUD proposal include a substantial investment and increase in housing vouchers, including new incremental vouchers to support up to 200,000 units, funding for the Rental Assistance Demonstration (RAD) program to support housing authorities unable to convert to the program using existing funding, and increased funding for self-sufficiency programs.