HUD increases Project Rebuild’s budget

WoodenHouse
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The Department of Housing and Urban Development (HUD) requested $44.8 billion for their 2013 budget, a 3.2% increase from their current budget. One program that has increased exponentially under HUD’s budget proposal is Project Rebuild.

Project Rebuild was announced in September 2011 as part of the American Jobs Act, and builds upon the Neighborhood Stabilization Program. Its goal is to create jobs, stabilize neighborhoods and reduce vacancies. HUD requested $4.65 billion for this program in 2013, and claims Project Rebuild will support 191,000 jobs and help 150,000 properties nationwide. This program has yet to be approved by Congress.

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