"But the latest package, which Trump's budget office said it supports, earmarks $77.3 billion for HUD, a a $7.3 billion increase from the previous fiscal year, according to an analysis from the New York Housing Conference. Funds for Section 8 vouchers-both project-based and tenant-based rental assistance-and Continuum of Care homelessness assistance grants would all get a boost, though money for public housing would decrease by almost $687 million."
"That would have had serious implications for New York City, where funds from Washington make up a significant share of local housing agencies' operating budgets and where more than 350,000 low-income households participate in federal rental assistance programs like Section 8 and Section 9."
"That's not welcome news for NYCHA, the largest public housing system in the country and home to 1 in 16 New Yorkers. The housing authority has $78 billion in repair needs over the coming years, to address persistent problems like mold, leaks, and broken elevators."
The House approved a spending package that raises HUD funding to $77.3 billion, a $7.3 billion increase from the prior fiscal year. The package departs sharply from a presidential budget request that sought a 44 percent cut to HUD. Increases are directed to Section 8 vouchers and Continuum of Care homelessness assistance grants, while public housing funding declines by roughly $687 million. Federal rental assistance supports more than 350,000 low-income households in New York City. NYCHA faces about $78 billion in repair needs to address mold, leaks, broken elevators, and other long-term maintenance issues.
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