Investment in Affordable Housing Has Ripple Effect
“Keeping up with that need could get even harder in Austin and other U.S. cities where affordable rentals are in short supply if President Donald Trump slashes critical funding. Last week, The Washington Post reported that early drafts of Trump’s federal budget show over $6 billion in cuts to the Department of Housing and Urban Development’s budget. (HUD’s fiscal year 2016 budget was $47 billion.) If implemented, the changes would eliminate the Community Development Block Grant (CDBG) program, shrink the voucher program that provides rental assistance to the poor, reduce housing programs for elderly people and people with disabilities, and much more.”