National Association of Realtors Opposes Proposed Cuts to Federal Housing Programs
The National Association of Realtors (NAR) has expressed strong opposition to President Trump's proposed budget for fiscal year 2027, which includes a 13% reduction in funding for the U.S. Department of Housing and Urban Development (HUD). This budget proposal threatens several housing programs, including the elimination of Community Development Block Grants (CDBG) and HOME Investment Partnerships. NAR's 2026 President, Kevin Brown, emphasized the importance of these programs in promoting homeownership and supporting local housing needs. The proposed cuts also target fair housing programs, which are crucial for ensuring compliance with fair housing laws. The House Appropriations Committee is set to hold a hearing with HUD Secretary Scott Turner on May 12 to discuss these budgetary changes. 
