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Cuts to HUD funding and Section 8 [View all]
This could be a big deal for a lot of people:
Trump proposes cutting $33B in HUD funding, including Section 8
In his budget plan for fiscal year 2026, President Donald Trump has proposed cutting a total of $32.9 billion in funding to HUD. The plan includes a $26.7 billion cut to federal rental aid — approximately 40% of the total — and would essentially end Section 8 and other housing voucher programs, according to NPR.
Instead of providing aid at the federal level, the budget proposes creating a grant program to send rental assistance funds to states. It would terminate many federal regulations, incentivize states and the private sector to provide affordable housing and work in tandem with efforts to open public lands to development.
https://www.multifamilydive.com/news/trump-budget-housing-HUD-cuts/747789/
In his budget plan for fiscal year 2026, President Donald Trump has proposed cutting a total of $32.9 billion in funding to HUD. The plan includes a $26.7 billion cut to federal rental aid — approximately 40% of the total — and would essentially end Section 8 and other housing voucher programs, according to NPR.
Instead of providing aid at the federal level, the budget proposes creating a grant program to send rental assistance funds to states. It would terminate many federal regulations, incentivize states and the private sector to provide affordable housing and work in tandem with efforts to open public lands to development.
https://www.multifamilydive.com/news/trump-budget-housing-HUD-cuts/747789/
The story is a few weeks old. I think Trump is creating the perfect storm for mass homelessness. With the advance of AI and the tariff economy, more and more people are going to be unemployed. Consumer debt is going up. Rents are increasing. Some people say "There's always section 8 housing" but it takes a long time to qualify and guess what - its on his hit list.
What are people going to do when jobs run out, when there is no more federal assistance for food or health care or housing? Just die in the streets?
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