WASHINGTON, D.C. – May 16, 2011 – (RealEstateRama) — On Wednesday the House Committee on Appropriations released its draft 302b allocations, the amounts each of the 12 appropriations subcommittees will have available to spend on their respective FY12 funding bills. The allocation for the subcommittee that funds HUD, the Transportation, Housing and Urban Development, and Related Agencies (T-HUD) subcommittee, is budgeted $7.7 billion below the FY11 final appropriation, a 14% cut.
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