This report provides an overview of actual budget trends from fiscal year 1976 through fiscal year 2000 and estimated changes from 2001 through 2006, as measured in inflation-adjusted dollars. Despite increases in funding for HUD programs for the last three years, an overview of budget trends shows that this nation’s investment in HUD and low income housing programs has declined dramatically during the last quarter century. The analysis sets HUD’s budget as well as the low income housing assistance budget category in the context of the total federal budget, covering both budget authorities, or the authorized amount of obligations in each year regardless of when the spending occurs, and outlays, or actual spending in each year. It then looks at subsidized housing as a proportion of HUD budget authority, showing separately the impact of renewing expiring contracts. For the years 1977-2000, the additional commitments for HUD-subsidized units is shown. Finally, spending trends for a number of major HUD programs are addressed. (Authors)
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