Recent reports indicate that the White House is eyeing substantial workforce reductions at the Department of Housing and Urban Development (HUD), which may reach up to 50% of its employees, excluding the Federal Housing Administration. The cuts are expected to focus on offices dedicated to civil rights enforcement, housing market data compilation, and post-disaster recovery efforts. Experts warn that this could jeopardize vital HUD operations during a time of soaring housing costs and inflation, resulting in further destabilization of the housing market.
"These potential cuts would really strike at some of HUD's essential functions," said Alys Cohen, senior attorney with the National Consumer Law Center.
"At a time of record high inflation, housing is the largest component of cost growth in America," Donovan said in an emailed statement.
Arbitrarily severing funding streams and firing professional, impartial staff will only serve to destabilize our housing system and drive up costs for both renters and owners."
The task force is carrying out President Trump's broader efforts to restructure and streamline the federal government to serve the American people at the highest standard."
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