HUD Makes 4% Cut in Housing Voucher Funds

WASHINGTON, DC-The US Department of Housing and Urban Development has revealed through a memo dated January 21, 2005 that the Housing Choice Voucher Program will suffer a 4% cut in expected FY 2005 payments. And the decision is final.

As per the omnibus spending bill passed by Congress in November, the program, commonly referred to as Section 8, has been designated $13.4 million in voucher renewals. Assisted housing advocates greeted that news with dismay, noting that the amount was insufficient to cover all families requiring such aid; the revelation that there will be an additional cut has been even less well received, to say the least.