National Association of Realtors Warns Against Federal Housing Program Cuts Impacting Affordability
The National Association of Realtors (NAR) has expressed concern over proposed cuts to federal housing programs in President Trump's discretionary budget for fiscal year 2027. The budget suggests a 13% reduction in funding for the U.S. Department of Housing and Urban Development (HUD), which would affect several housing initiatives. Key programs facing potential elimination include the Community Development Block Grant (CDBG) and HOME Investment Partnerships, which are crucial for local housing strategies and private-sector investment. The budget also proposes a $60 million cut to fair housing programs, including the Fair Housing Initiatives Program. NAR President Kevin Brown emphasized the importance of these programs in promoting homeownership and supporting real estate transactions. The House Appropriations Committee is set to hold a hearing with HUD Secretary Scott Turner to discuss these proposed changes. 
