McKnight’s Senior Living March 20, 2024
President Joe Biden’s proposed budget promises moderate-level financing of some affordable housing programs.
“Because of strict budget caps imposed by the Fiscal Responsibility Act of 2023, the administration’s budget balances mostly level funding with proposals for new initiatives for aging services, including on workforce, Medicaid, immigration and affordable housing,” LeadingAge said.
“Overall, the president proposed relatively flat funding for the Department of Housing and Urban Development (HUD) but included a number of bold initiatives for housing affordability and access, including for older adults,” LeadingAge added.
According to a fact sheet provided by the White House, the budget provides for increases in the supply of affordable housing financed by existing HUD programs. The proposed budget provides $1.25 billion for the HOME...
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