Trump Administration Cuts $1 Billion in Affordable Housing Funds
The Trump administration has halted a $1 billion program designed to preserve affordable housing, jeopardizing crucial upgrades to tens of thousands of low-income housing units across the country. This decision, directed by the Department of Government Efficiency, halts funding for energy efficiency improvements and critical repairs, impacting projects already underway. The termination threatens to destabilize numerous affordable housing projects, as the funding serves as a critical foundation for attracting additional investments. Consequently, many low-income residents face the imminent risk of displacement due to the lack of necessary repairs and renovations.
John Q. Hosedrinker