I am not aware of any budget pending before congress. No, Section 8 funds are not being eliminated. They could be reduced and fewer vouchers given out in the county. I have not seen anything about this.
As to section subsidized housing, currently it is not very effective as there is an extremely long waiting list in order to be placed in housing, after you complete the application.
It appears as if this budget would not eliminate or curtail the section 8 subsidy.
I hope this has been of some benefit to you, good luck.