FY20 Spending Packages Signed to Avoid a Government Shutdown

On December 20,  President Trump signed two spending bills for FY2020 to avoid a government shutdown. The bills provide increased funding for affordable housing and community development programs at HUD and USDA. Key highlights include $1.35 billion for the HOME Investment Partnership program; and $3.4 billion for the Community Development Block Grant program — both $100 million increases from FY2019 funding levels. The New Markets Tax Credit, which was set to expire at the end of this year, was extended at $5 billion through 2020.