Affordability Takes Another Hit
Federal sequestration – that grand game of “chicken” being played out in Washington – is finally having real world, destructive impact. Recently, HUD announced cuts to the rental subsidy program known as Section 8. The two agencies that administer vouchers for New York City – the Department of Housing Preservation and Development (“HPD”) and the New York City Housing Authority (NYCHA) – responded with their own program cuts.… Read more...