Trump administration halts $1 billion program that keeps aging affordable housing livable
Trump administration halts $1 billion program that keeps aging affordable housing livable
Affordable housing threatened as Trump halts $1 billion slated for extending life of aging buildings
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.