"The government exists in the housing space to help right the real estate market's failures, because markets never really worked for people in service sector jobs or those living on social security or disability."
"Cuts brought on by the Trump administration are projected to cut HUD's workforce in half, deplete resources for those on or seeking government assistance, and exacerbate the national housing crisis."
Recent budget cuts threaten the programs that assist over five million households through the U.S. Department of Housing and Urban Development (HUD). The termination of a significant grant led to drastic layoffs at the Fair Housing Resource Center, highlighting how deeply dependent local entities are on government funding. Advocates express that lower-income individuals face increasing hardships, especially as HUD's planned cuts will hinder available resources, contributing to a worsening national housing crisis and elevating eviction rates across communities.
#affordable-housing #government-budget-cuts #housing-crisis #low-income-assistance #community-impact
Read at Architectural Digest
Unable to calculate read time
Collection
[
|
...
]