Housing authorities see greatest benefit from spending bill

A new report from S&P Global Ratings and Moody’s Investors Service show the housing sector could become the greatest beneficiaries of the recently passed spending plan. On March 23, 2018, President Donald Trump hesitantly signed a $1.3 trillion budget into law that will fund the U.S. government until September 30, 2018. The plan includes $42.7 billion in total net appropriations for the U.S. Department of Housing and Urban Development. This is up $3.9 billion from fiscal 2017 levels and up $12 billion from Trump’s proposed budget for the agency.

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Source: HousingWire