Reflecting overall budget cuts, HUD, which received $43.6billion in funding for fiscal year 2010, has requested $41.6billion for FY2011, a 5% decrease. That capital will besupplemented with an expected $6.9 billion in FHA and Ginnie Maereceipts, resulting in a total 2011 budget of $48.5 billion, up by$1.6 billion in FY2010.
With a focus on fiscal discipline, reform and job creation, theHUD budget seeks to build on its goal of streamlining thedepartment's housing and community development programs. On themultifamily front, spending for some programs was reduced, whileothers were cut altogether. (See HUD's full Fiscal Year 2011 Proposed Budget.)
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