HUD's 2003 Budget will enable the Department to promote homeownership among low-income and minority families, expand the number of families served by HUD's rental subsidy programs, and cover the increased costs of HUD's existing housing and community development programs.

The FY 2003 budget builds upon the successes achieved by HUD and the Administration in the previous fiscal year by creating new homeownership opportunities, particularly for minorities; increasing the supply of affordable housing; providing more protections for vulnerable populations, such as homeless individuals, people with disabilities, and the elderly; emphasizing community renewal and neighborhood redevelopment; and rallying the President's armies of compassion to better serve the less fortunate.

A detailed budget summary and appendices are available to read on-line or print for your reference.

"The American Dream is not an unattainable ideal; with the help of HUD, it is a reality achieved every day in this country, often by families who thought that a home of their own remained out of reach. It is for them - and for every family to come - that we respectfully submit this budget to the Congress and commit ourselves to the dreams of an even better, more prosperous tomorrow," the Secretary said.

Read Secretary Martinez's message about HUD's proposed $31.5 billion 2003 Budget.