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Sunday, January 20, 2019

Tag: low-income affordable housing projects in Oakland

Oakland nonprofit jacks up the rent as Trump proposes $6.2 billion...

With the Trump regime pushing for a massive $6.2 billion to $6.8 billion in budget cuts for the Department of Housing and Urban Development (HUD), so-called nonprofit affordable housing developers see the writing on the wall and are jacking up the rents on the poor, elderly and disabled renters in their projects as fast as they can, before the budget cuts take effect. The fiscal year (FY) 2018 budget detailing the cuts was released May 23.

Oakland’s affordable housing threatened by Trump’s proposed $6.2 billion budget cut...

The Trump regime’s proposed $6.2 billion in budget cuts to the Department of Housing and Urban Development (HUD) threatens the renters in around 155 low-income affordable housing projects in Oakland with higher rents or eviction from their homes. The proposed $6.2 billion in budget cuts to HUD will disproportionately impact Black women and their families because such a high percentage of them rely on HUD’s subsidized housing programs.

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