The Trump administration has put a hold on $60 million earmarked for affordable housing, affecting numerous community development projects across the nation. This funding freeze is part of broader actions by HUD, marked by significant staffing cuts and contract cancellations, creating chaos within the affordable housing landscape. Critical nonprofit organizations were set to manage these funds, but contract cancellations have created a funding void, jeopardizing local jobs and development. The uncertainty has prompted nonprofits to reconsider their strategies as they await clarity on funding availability.
The move is part of a flurry of funding freezes, staffing cuts, and contract cancellations by the Trump administration at the U.S. Department of Housing and Urban Development, changes that have instilled widespread uncertainty in the affordable housing industry.
'They will have to stop that work immediately. That will cost local jobs, hobble the creation of affordable homes, and stall opportunity in hundreds of communities,' said Shaun Donovan.
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