What the Rescission Proposal Could Mean for Housing and Community Development

Released today, the White House’s proposed rescissions package calls for $15.4 billion in appropriated funds to be voided. Much of the proposed rescinded funding was approved in prior year spending bills, but some of the appropriations were approved in March as part of the fiscal year 2018 omnibus spending bill. In all, the proposal calls for 38 rescissions of budget authority, affecting numerous programs and agencies.


Source: Novogradac & Company, L.L.P

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