HUD's FY2014 Budget Doesn’t Reflect Sequestration Cuts

HUD Secretary Shaun Donovan recently released details of the Obama administration’s proposed Fiscal Year (FY) 2014 HUD budget. HUD’s proposed 2014 budget provides $47.6 billion, an increase of $4.2 billion or 9.7 percent above the 2012 enacted level, and a 6.7 percent increase over 2013 funding levels. However, these numbers don’t reflect the cuts imposed by sequestration.