Items Tagged with 'Trump budget'

ARTICLES

  • Fair housing groups go head-to-head with Trump’s budget proposal

    Urges Congress to reject proposal
    "Housing benefits are under attack," or so says the National Low Income Housing Coalition as it calls on Congress to reject President Donald Trump’s 2019 budget proposal. The NLIHC says the budget slashes federal housing benefits that help millions of low-income seniors, people with disabilities, families with children, low-wage workers, veterans and other vulnerable people afford their homes.
    Read More
  • Trump budget proposes to reduce deficit by raising g-fees

    Extends increase to 2023
    President Donald Trump released his 2019 budget proposal which suggests taking revenue from Fannie Mae and Freddie Mac to lower the deficit. The spending plan released Monday asks Congress to raise the fees the mortgage guarantors charge to back payments on mortgage-backed securities.
    Read More
  • CFPB funding slashed, enforcement authority reined in by Trump budget

    More changes afoot for agency already in the crosshairs?
    On Monday, the White House released its 2019 budget proposal, and for the second time, took dead aim at the CFPB. While the 2018 version proposed cutting the CFPB’s funding and bringing the agency’s funding under the congressional appropriations process to increase oversight, the 2019 version also calls for those measures but also goes much further to reshape the CFPB’s mission altogether.
    Read More
  • Does the mortgage interest deduction help or hurt homeownership?

    Experts address claim from
    President Donald Trump’s newly released tax plan sparked debates over its effect on the mortgage interest rate deduction. Some experts outspokenly defend the deduction while others say it holds little effect on homeownership. But one economist says it's time to rethink the mortgage interest rate deduction.
    Read More
  • Trump budget surprise: Gutting the CFPB

    Budget proposal shifts appropriations to Congress, then slashes funding
    The impact of President Donald Trump’s 2018 federal budget proposal would certainly be felt in the housing industry via the 13% cut to HUD's budget, but that’s hardly the only impactful move that the budget proposal holds. Buried on the second-to-last page of Trump’s budget is a move that is sure to please Trump’s fellow Republicans and many in the housing industry as well – gutting the Consumer Financial Protection Bureau.
    Read More
  • Affordable housing groups say Trump budget would be catastrophic

    Claim it takes policy in the wrong direction
    Affordable housing advocates are taking a stand against President Donald Trump’s budget proposal which includes cutting several HUD housing programs. While the Treasury and even HUD itself spoke out in favor of the new budget proposal, one affordable housing advocate insists the budget would be catastrophic.
    Read More
  • Here's what Trump's proposed budget means for housing

    And the affordable housing programs it would cut
    The Trump administration released its full budget proposal which includes a $6.2 billion budget cut to HUD. The cut was announced back in March, but now the full budget reveals a detailed plan of which programs make the cut, and which won’t, if the budget proposal is adopted by Congress.
    Read More