From the HUD Resource Center:
Congressional leaders Wednesday announced agreement on a $1.29 trillion fiscal year (FY) 2018 omnibus spending bill, of which nearly $700 billion was for defense and $591 billion for nondefense. According to the House Appropriations Committee release, the bill provides full-year appropriations legislation and funding for the 12 annual appropriations bills through the end of FY 2018 (Sept. 30) and includes a $60 billion increase in nondefense spending over current funding levels.
For the U.S. Department of Housing and Urban Development (HUD), the bill provides $52.75 billion in gross discretionary spending and $42.7 billion in net appropriations, according the House Appropriations Committee Transportation-HUD summary. The gross spending level is $4.69 billion (9.8 percent) more than the amount appropriated in FY 2017, $4.71 billion (9.8 percent) more than the House FY 2018 bill, and $2.8 billion (5.6 percent) more than the Senate FY 2018 bill. Given the budget challenges facing nondefense and HUD spending, this represents a historic increase and amount of funding for HUD, and a tremendous achievement for the affordable housing community.
This omnibus spending bill and the funding levels for HUD were made possible by the Bipartisan Budget Act of 2018, which increases the nondefense spending caps for FY 2018.
Highlights of the bill follow.
