President Signs 2024 Appropriations Bill that Includes HUD and RD Funding, and Issues Administration’s Proposed 2025 Budget

President Signs 2024 Appropriations Bill that Includes HUD and RD Funding, and Issues Administration’s Proposed 2025 Budget

1) FY 2024 Appropriations Update:

On Saturday, March 9, President Biden signed into law H.R. 4366, the “Consolidated Appropriations Act, 2024,” which provides full-year funding through September 30, 2024, for departments and agencies of the Federal Government covered by 6 of 12 appropriations bills, including the following departments, agencies, and activities:

  • Department of Defense military construction and family housing activities,
  • the Department of Veterans Affairs,
  • the Department of Agriculture,
  • the Food and Drug Administration,
  • the Department of Transportation,
  • the Department of Housing and Urban Development, and
  • several related and independent agencies.

A link to the bill is here: https://www.congress.gov/118/bills/hr4366/BILLS-118hr4366eah.pdf. More specific details will be provided to NAHMA members in the coming weeks.

2) President’s Proposed FY 2025 Budget

The President’s proposed FY 2025 Budget was issued today.

For an overview, visit: https://www.whitehouse.gov/wp-content/uploads/2024/03/budget_fy2025.pdf

For the proposed FY 2025 HUD Budget, visit: https://www.hud.gov/budget

For the proposed FY 2025 Rural Development Budget, visit: https://www.usda.gov/our-agency/about-usda/budget

More specific details will be provided to NAHMA members in the coming weeks.