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#hud

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Elon Musk’s DOGE Quietly Kills Affordable Housing Program

#Trump is making a massive cut to affordable #housing, as fears over the #economy grow.
newrepublic.com/post/192653/mu

" #DOGE has cut funds & programs across the federal #government without regard to the purposes they serve or the lives that depend on them. Many of the people who depend on this #HUD program are low-income #seniors or destitute #families who have little or no other options."

#Musk#Coup#Cruelty

$Ms in fed contracts for affordable housing were canceled after a #DOGE review of nonprofits’ websites & LinkedIn profiles for terms assc. with #DEI.

The CXL awards incl. ongoing projects in >1,000 communities🚨to address homelessness, disaster recovery, persistent poverty & other HOU issues.

“This move violates congressional APPNs language -mandates expert intermediaries manage Section 4 funds."

This #purge has perversely impacted my city +100s of others.

#HUD #USPol
bloomberg.com/news/articles/20

March 10 Day of Action: Protect #HUD,
Protect Affordable #housing!
Trump/Musk want to cut funding for HUD programs like Section 8, homeless assistance, and public/subsidized housing. Call your representatives and senator on Monday to tell them to stop the #cuts.
People can connect to any Capitol Hill office using the U.S. Capitol Switchboard at (202) 224-3121.   

"The Trump administration has stalled at least $60 million in funding intended largely for affordable housing developments nationwide, throwing hundreds of projects into a precarious limbo . . . Congress chose three nonprofits to distribute the grants, but HUD said in letters that it was cancelling contracts with two of the organizations, which together were to distribute the $60 million. "
apnews.com/article/affordable-

Housing and Urban Development Secretary Scott Turner speaks as President Donald Trump looks on during a reception in the East Room of the White House, Feb. 20, 2025. (Pool via AP, File)
AP News · Trump administration throws hundreds of affordable housing projects into limbo after contract cutsBy Jesse Bedayn

"The Federal Home Loan Bank has become a de facto piggy bank for private equity and insurance companies."

"There is no oversight over how these loans are used."

"It’s as if a corporate giant shows up to a food bank and takes all the supplies."

Just in case you need to understand why they want to gut #HUD and sell off the pieces, except #FHEO. They have buried that part after a big fire.

levernews.com/the-looting-of-a

The Lever · The Looting Of America’s Affordable Housing FundPrivate equity firms are diverting billions from a Great Depression-era mortgage program — and making huge profits.