The Associated Press has obtained a document showing that the Trump administration is halting a $1 billion program that helps preserve affordable housing.

Summary

The Trump administration is shutting down a $1 billion HUD program that helps preserve aging affordable housing, jeopardizing upgrades for at least 25,000 units.

The Green and Resilient Retrofit Program funds critical repairs and ensures affordability for up to 25 years. Housing advocates warn that without it, many projects will fail, leaving low-income seniors vulnerable.

Tenants fear losing their homes as funding uncertainty stalls renovations.

The decision, directed by Elon Musk, has left affordable-housing organizations scrambling for alternative funding.

  • deadkennedy@lemm.eeEnglish
    29·
    8 hours ago

    thankfully the billionaire class will gleefully buy up these now unlivable structures for cheap, tear them down, then rent us the space they build (at a profit of course).

    /s