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Low-income families will be the big losers if President Trump’s budget becomes a reality, according to an article at Realtor.com. The budget proposed for 2019 would dramatically cut nearly $9-billion from HUD.
The smaller HUD budget would result in major reductions in rental assistance programs for the poorest Americans, such as Section 8, which could result in at least 200,000 fewer housing vouchers. The plan also proposes doing away with a fund used for rehabilitating public housing developments.
We can see quite a battle looming in Congress as advocates for the poor try to restore some of these draconian reductions.
For the full article, click HERE:
Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.
Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.