HUD's program budget is large. Its net budget authority is what's left after FHA and Ginnie Mae pay it back.
Office of the Chief Financial Officer · Department of Housing and Urban Development
HUD is structurally unlike a normal department. Its GROSS discretionary program funding — mostly rental assistance (Tenant-Based and Project-Based Section 8, Public Housing) plus community-development and housing programs — is large. But its NET budget authority is heavily offset by large RECEIPTS: chiefly the Federal Housing Administration's Mutual Mortgage Insurance negative subsidy and Ginnie Mae. This monitor keeps the three frames strictly separate — gross programs, the offsetting receipts, and mandatory money — and never shows the offsets as if they shrink HUD's program level. FY2025 actuals, FY2026 enacted, and the FY2027 request; the program side recomputes to the dollar against its source.
FY2027 offsetting receipts
—
FHA + Ginnie Mae — never netted silently
FY2027 net discretionary
—
gross + receipts — for scorekeeping
Offsets as share of gross
—
of the gross program level
The gross discretionary program budget, by program group — FY2027 request
$ in millions · offsets / mandatory excludedPublic and Indian Housing (the Section 8 Housing Choice Voucher program and Public Housing) and Housing Programs (Project-Based Section 8) are the rental-assistance core — together the bulk of HUD's gross discretionary budget. The five program-group subtotals sum, to the dollar, to the published gross discretionary BA (—); after offsetting receipts, the net is —.