03/14/2023 | Press release | Distributed by Public on 03/14/2023 10:30
The Biden-Harris administration recently released the president's budget for Fiscal Year 2024. The budget details a blueprint to grow the economy from the bottom up and middle out, lower costs for families, protect and strengthen Medicare and Social Security, and reduce the deficit by ensuring the wealthy and big corporations pay their fair share-all while ensuring no one making less than $400,000 per year pays more in taxes.
The president's budget targets $10.3 billion in discretionary federal funding for homelessness assistance-a significant increase overall and in several programs: 64% for HHS' Projects for Assistance in Transition from Homelessness, 23% for HHS' Health Care for the Homeless, and 90% for DOJ's Transitional Housing Assistance Grants to Victims of Sexual Assault.
"This budget request proves the Biden-Harris administration is committed to reaching our ambitious goal to reduce homelessness 25% by 2025 and to realizing our vision of a country where no one experiences the tragedy and indignity of homelessness-and everyone has a safe and affordable place to call home," said USICH Director Jeff Olivet. "The increased funding for homelessness assistance and prevention will help USICH and the federal government as we implement All In: The Federal Strategic Plan to Prevent and End Homelessnessto get people off the streets, out of shelters, and into homes-and to prevent people from losing their homes in the first place."
The president's budget includes a historic investment to advance efforts to end homelessness, lower housing costs, expand housing supply, and improve access to affordable rental options. The budget includes both mandatory and discretionary housing investments, totaling more than $175 billion, that would:
Promote Rental Affordability and Fairness, and Make Progress Toward Universal Housing Vouchers for Extremely Low-Income Households: The budget makes a long-term commitment to housing accessibility and affordability for youth aging out of foster care and veterans. This support-targeted to extremely low-income populations that are vulnerable to homelessness-is a historic down payment on the president's goal of providing universal housing vouchers for low-income households. Key highlights include:
Build and Preserve Affordable Housing: The budget invests in building and preserving millions of affordable homes for rent and ownership, and reducing barriers to housing production-from restrictive land use policies to practices that foster discrimination and disparate treatment in the housing market. Key highlights include:
Building on the president's strong record of fiscal responsibility, the budget more than fully pays for all of its investments-reducing deficits by nearly $3 trillion over the next decade by asking the wealthy and big corporations to pay their fair share.
For more information on how president's FY 2024 budget will address homelessness, read the full White House fact sheet at whitehouse.gov/omb/budget/.
Want more news like this? Subscribe to the USICH newsletter.