National Rental Assistance Program Faces Funding Crisis, Leaving Thousands Facing Eviction
The $5 billion Emergency Housing Voucher program, designed to prevent homelessness, is exhausting its funds, leaving roughly 60,000 renters at risk of eviction. The program’s expiration, communicated in a March 6th letter from HUD, is due to the depletion of initial funding, and no additional federal money is expected. This leaves local housing authorities with no clear solution to support their existing tenants, potentially leading to a significant increase in homelessness. The situation is exacerbated by rising rents exceeding the program’s capacity and existing long waitlists for standard housing vouchers.
John Q. Hosedrinker