4 Articles
4 Articles
As housing costs go up, HUD proposes 51 percent budget cut
Creation of state block grants would end key programs According to the National Association of Home Builders, nearly 75 percent of families – 100.6 million households – cannot afford a median priced new home in 2025. With a price tag of $459,826 and an accompanying 30-year mortgage rate of about 6.5 percent, it’s no surprise […]
HUD Secretary Testifies in Support of HUD’s 2026 Budget - The MortgagePoint
Scott Turner, Secretary of the U.S. Department of Housing & Urban Development (HUD) recently appeared before the Senate Committee on Appropriations to testify in support of President Trump’s 2026 Budget for HUD. President Trump’s FY 2026 Budget request includes a 44% reduction in funding for HUD, compared to 2025. The Trump administration feels this reduction can become a reality by consolidating HUD’s largest rental assistance programs and eli…
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