Trump's proposed budget aims to slash 43% from federal housing programs, shifting the responsibility to states and threatening assistance for millions facing a housing crisis. The plan could worsen affordability issues and lacks assurance that states can effectively manage the new responsibilities. Experts believe the cuts could affect approximately 3.8 million people. While Congress has discretion over budget proposals, this plan underscores the administration's priorities amidst ongoing housing challenges and the need for enhanced support for affordable housing.
"We are obviously in a significant housing affordability and supply crisis right now, and now is the time to support affordable housing programs," he said.
"The Budget empowers States by transforming the current Federal dysfunctional rental assistance programs into a State-based formula grant which would allow States to design their own rental assistance programs based on their unique needs and preferences," the proposal reads.
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