Special Podcast:Jan. 28, 2025: What the New Administration Might Mean for HUD, PHAs and Section 8After chatter about budget cuts during the campaign from several members of President Donald Trump’s new administration, stakeholders in the affordable housing community watch attentively as developments arise in Washington, D.C. In this episode of Tax Credit Tuesday, Michael Novogradac, CPA; Rich Larsen, CPA; and Peter Lawrence, Novogradac’s director of public policy and government relations, look at what may be in store for affordable housing through the prism of the U.S. Department of Housing and Urban Development (HUD). First, the trio discusses what might be ahead under Scott Turner, Trump’s nominee for HUD secretary. Next, Lawrence and Larsen explore what some of the potential upsides for HUD might be under the new administration. Later, Larsen details challenges that may be on the horizon and how public housing authorities can act now to navigate possible shortfalls. |
Rental assistance and community development programs are essential to American communities. Send a letter to Congress and the White House to tell Washington about the importance of these programs to the families you serve and the economic impacts of these programs for local landlords. You can send the letter as is or customize it based on your state or community (e.g., how much Housing Assistance Payment [HAP] Funding are you disbursing to your local landlords?). NAHRO recommends adding language specific to your community about the economic impacts of these programs. While sending a letter is helpful, calling is even more helpful. NAHRO strongly recommends that all housing agencies call their congressional offices and let them know that HUD programs are essential and cuts to them should not be made through the executive branch. Search for your Senators and Representatives online or call the United States Capitol switchboard at (202) 224-3121. |
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