Earlier in the week President Obama released his FY 2015 budget proposal.  The National Low Income Housing Coalition provides a summary of how HUD and USDA programs fair with the President’s request, found here.  Some more highlights:
HUD
Total of $46.6 billion, 2.6% higher than FY14, 10.1% higher than FY13
 New mandatory funding for extremely low income housing
Maintains funding for current tenancies
Proposes restoring vouchers lost due to sequestration
Strengthens resources to end homelessness
Provides slight increases for numerous programs
Cuts block grant programs
USDA Rental Housing
Consistent with FY14 appropriations
Harmful policy proposal
Treasury
Low Income Housing Tax Credit policy changes
Opportunity, Growth, and Security
Details work that can’t be accomplished within spending caps
Provides funding for three HUD programs- CNI, Jobs-Plus, Planning and Investment Grants
In case you missed it, you can also check out the slides from NLIHC’s recent webinar on the President’t Budget Request here.