The Trump administration has delayed over $60 million in funding meant for affordable housing projects, leaving many community initiatives in uncertainty. This funding freeze, part of broader cuts at the U.S. Department of Housing and Urban Development, affects small nonprofits responsible for initiating affordable housing developments. The halt in funding has serious ramifications for workers and potential developments, with some nonprofits indicating job losses and stalled local opportunities. Despite claims from HUD that the Section 4 program will continue, the lack of clarity surrounding the funding's future raises concerns across the affordable housing sector.
"Many of those organizations have already committed funds to pay workers, such as HVAC technicians, local contractors, homeownership counselors. They will have to stop that work immediately. That will cost local jobs, hobble the creation of affordable homes, and stall opportunity in hundreds of communities."
"Not knowing for me means we assume that the money is not coming, and that means that I have to pivot."
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