February 15, 2011 – (RealEstateRama) — The House of Representatives is expected to vote on its FY11 spending bill, H.R. 1, this week. The bill would cause devastating reductions to non-defense discretionary programs and cut more than $5.7 billion from HUD programs compared to the FY10-enacted level of about $43.5 billion. In addition, the bill would make more than $394 million in rescissions from unobligated balances in HUD programs.
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