NAHMAnalysis--Pres. Biden's FY22 Budget Request for HUD and USDA; Housing Provisions under Tax Policy and Infrastructure Plan

June 28, 2021

Dear NAHMA Members,

Today, NAHMA published two NAHMAnalyses on President Biden’s budget request to Congress, President Biden’s FY22 Budget Request: HUD and USDA, and President Biden’s FY22 Budget Request: Housing Provisions under Tax Policy and Infrastructure Plan. In late May, President Biden submitted to Congress his Administration’s Fiscal Year 2022 (FY22) budget. The budget request totals $6 trillion and provides the Biden administration’s fiscal priorities. Of this amount, a request for $68.7 billion is made for the Department of Housing and Urban Development (HUD), and a request for $27.8 billion is made for the U.S. Department of Agriculture (USDA). The new spending request also includes the major housing investment proposals previously outlined under the administration’s $2.3 trillion American Jobs Plan to modernize the nation’s infrastructure and the $1.8 trillion American Families Plan to invest in education and social safety net improvements. The administration also released the Department of Treasury’s “Made in America Tax Plan.”  These NAHMAnalyses highlight affordable housing and community development funding from President Biden’s new spending proposals and from both agencies’ FY22 budget request.

President Biden’s FY22 Budget Request: HUD and USDA NAHMAnalysis is available here.

President Biden’s FY22 Budget Request: Housing Provisions under Tax Policy and Infrastructure Plan NAHMAnalysis is available here.