The New York City Housing Authority (NYCHA) might suffer funding cuts of up to 45% due to proposed federal budget changes, especially affecting the Department of Housing and Urban Development (HUD). Local officials label these cuts as reckless, emphasizing that such changes could worsen the city's already critical affordable housing crisis. City Council finance chair Justin Brannan expresses concern over how these cuts would impact vulnerable residents while highlighting the disparity of tax breaks for wealthy corporations. The funding reduction would specifically affect Section 9 and Section 8 housing programs crucial for public housing support.
"If Trump's reckless cuts go through, NYCHA residents will pay the price," said City Council finance chair Justin Brannan (D-47) after a budget hearing on Wednesday.
"Explain to me how gutting public housing for working New Yorkers makes any sense when billionaires and big corporations keep getting massive tax breaks they don't even need," Brannan said.
"As finance chair, I refuse to let Trump balance the budget on the backs of our most vulnerable neighbors. NYCHA families deserve better - and we're gonna fight like hell to protect them," he said.
The cuts, which would be an estimated blow of 43% to 45% to the housing authority's current ask of $80 billion, could dramatically exacerbate an already grim city affordable housing market, officials said.
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