Tags East Bay Asian Local Development Corp. (EBALDC)
Tag: East Bay Asian Local Development Corp. (EBALDC)
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.
Residents of affordable housing developments live in fear that renovation schemes will end up displacing them. To stop a new threat of displacement in Oakland, pack the CEDA meeting Tuesday, March 10, 2-4:30, Oakland City Hall Hearing Room 1, first floor.