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Analysis highlights growing affordability gaps, limited federal aid.

The proposed overall funding for HUD would drop dramatically from $89.1 billion in FY25 to $43.5 billion in FY26, marking a 51% reduction.

Four nonprofit fair housing organizations representing a proposed class of more than 60 groups across the country recently filed a sweeping federal class action lawsuit challenging HUD and the newly created Department of Government Efficiency for abruptly terminating $30 million in federal grant funding. 

The National Low Income Housing Coalition recently released its 2025 edition of The Gap: A Shortage of Affordable Homes. According to the report, the U.S. lacks 7.1 million rental homes that are both affordable and available to households earning at or below the federal poverty level or 30 percent of area median income, whichever is greater. This translates to just 35 homes available for every 100 extremely low-income renter households.

HUD reportedly plans to close field offices in 34 states and cut staff by half.

For HUD, the order requires a review of hundreds of programs administered by the agency, potentially leading to major restructuring or budget cuts.