House Panel Votes to Increase HUD Funding by $6.8 Billion
The House Appropriations Committee today voted to approve $56.5 billion for the U.S. Department of Housing and Urban Development (HUD) for fiscal year 2022, an increase of $6.8 billion above the fiscal year 2021 level.
The legislation:
- Includes $29.2 billion for the Section 8 Tenant-based Rental Assistance program to continue to serve more than 2.3 million very low- and extremely low-income households nationwide.
- Provides $14 billion for the Section 8 Project-based Rental Assistance program to continue to house more than 1.2 million very low- and low-income households nationwide, an increase of $545 million above fiscal year 2021.
- Doubles funding for the Choice Neighborhoods Initiativeto $400 million, an increase of $200 million above fiscal year 2021.
- Provides $3.7 billion for Community Development Block Grants, an increase of $265 million above fiscal year 2021. This also includes $1.85 billion for the HOME Investment Partnerships Program, which has helped preserve approximately 1.33 million affordable homes.
- Includes $50 million for a new down payment assistance program to help first-time, first-generation home buyers purchase a home.
H-2B Win
In a related development, the House Appropriations Committee also passed its fiscal year 2022 Labor, Health and Human Services, Education, and Related Agencies funding bill that will allow builders to employ workers who have H-2B guest worker visas. The bill originally contained problematic provisions that would have prohibited construction’s use of the H-2B program.
NAHB sent a letter to members of the Appropriations Committee urging them to remove these provisions from the legislation, and an amendment introduced by Rep. Andy Harris (D-Md.) to do so was approved by a voice vote. As a result, residential construction firms will be able to hire foreign workers with H-2B visas who come temporarily to the United States to perform temporary non-agricultural services or labor — including construction work — on a one-time, seasonal, peakload or intermittent basis.
Latest from NAHBNow
Sep 15, 2025
NAHB Joins Housing Leaders to Endorse Principles of Housing AffordabilityThe association joined a diverse coalition of nearly 60 housing stakeholders in support of four key common-sense housing solutions outlined by Pew.
Sep 15, 2025
The Impact of the Professional Women in Building Leadership GrantProfessional Women in Building's annual scholarhsip programs provide students and emerging professionals with the resources, support and opportunities they need to thrive and lead the housing industry.
Latest Economic News
Sep 15, 2025
Builders Stay Cautious as Single-Family Permits Extend DowntrendSingle-family housing permits slipped for the seventh month in a row, highlighting affordability headwinds and weak demand. While multifamily permits ticked up, the sector’s volatility leaves the outlook uncertain. The split underscores a housing market still under strain, with single-family softness weighing on broader growth prospects.
Sep 12, 2025
Household Real Estate Asset Values Reach New HighThe market value of household real estate assets rose to $49.3 trillion in the second quarter of 2025, according to the most recent release of U.S. Federal Reserve Z.1 Financial Accounts. The value rose by 2.7% from the first quarter and is 1.1% higher than a year ago. This measure of market value estimates the value of all owner-occupied real estate nationwide.
Sep 11, 2025
Parking Trends in Newly Completed Single-Family Homes, 2024In 2024, 65% of newly completed single-family homes featured two-car garages, according to NAHB’s analysis of the Census’s Survey of Construction data. The share of new homes with three or more car garages stood at 15%, continuing a downward trend from its peak of 24% in 2015 and decreasing 2 percentage points from 2023.