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HUD Withholds Voucher Funding, Pushing Landlords, Tenants To The Brink
['Ciara Long', 'New York City']
Bisnow Content Feed
Emergency Housing Vouchers were introduced during the pandemic as a temporary measure to help vulnerable, low-income residents avoid eviction.
Washington County, Oregon, is still trying to find funding to transfer tenants to a different voucher program, a spokesperson told Bisnow.
In the meantime, pressure is mounting for New York’s affordable housing landlords.
Investors in affordable housing developments depend on buildings being full to realize their investments in affordable housing tax credits.
For landlords, the prospect of losing voucher funding is heartbreaking.