Statement: Trump budget would hinder private real estate investment
Earlier today President Trump released his budget blueprint for fiscal year 2017-2018, which outlines increased military spending and cuts for many domestic programs—including key programs that support economic growth in American communities.
Notably the blueprint eliminates funding for HUD’s Community Development Block Grants and USDOT’s TIGER Grants, and would make major cuts to the EPA and the Brownfields program; HUD’s HOME Investment Partnerships Program, Choice Neighborhoods and the Self-help Homeownership Opportunity Program; as well as development programs at USDA.




Today, Dr. Ben Carson was confirmed as Secretary of the Department of Housing and Urban Development, putting him at the helm of the federal agency that oversees home mortgage lending practices and other housing-related programs.

