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Massive Cuts to Section 8 - Project 2025 Would Dismantle HUD - Affordable Housing Crisis

We offer Section 8 Consulting Services by phone for Individuals and Landlords. Book Appointment, Contact Details & Pricing https://section8consulting.setmore.com/ Website http://www.section8consulting.com Live Video & Chat Schedule – Tuesdays, Thursdays & Sundays at 2:00 pm CST Service Reviews https://booking.setmore.com/schedulea... Google Reviews https://g.co/kgs/MNuei5 TikTok Channel   / section8consulting   News & Updates    / @section8consulting   Membership    / @section8consulting   Mixed World Coins - www.mixedworldcoins.com #Section8Housing #LowIncomeHousing #section8consulting Project 2025, proposes to radically restructure and dilute or altogether dismantle and privatize multiple federal agencies, including the U.S. Department of Housing and Urban Development (HUD)..https://shelterforce.org/2024/09/26/h... In Chapter 15 [page 536 in this PDF], Carson systematically outlines how and why the next (presumably) Trump administration should shred everything from HUD’s mission to its structure to its oversight capabilities. The policies Carson lays out strip rights and protections from immigrants, women, elderly people, and other vulnerable, already marginalized, populations—including veterans. Project 2025 takes direct aim at HUD’s tools for creating and preserving affordable housing—specifically public housing, housing assistance vouchers, first-time homebuyer assistance, and any financial programs tailored toward homeowners who aren’t white. It instead recommends policies that would transform HUD into a profit-generating, privatized enterprise. “What they want to do is be a development arm of the federal government and a boon to private enterprise that would be incredibly harmful to tenants and the recipients of housing policy,” Ending Housing First policies Reversing Biden-era advancements in reducing racial disparities in home appraisals Repealing the Affirmatively Furthering Fair Housing rule Prohibiting special-purpose credit programs Overturning all Biden actions to “advance progressive ideology” through efforts relating to “diversity, equity, and inclusion (DEI); critical race theory (CRT); black, indigenous, Pacific Islander, and other people of color (BIPOC); and environmental, social, and governance (ESG)” The policy recommendations would end some of HUD’s most important work, Porter says. “Any research into how tenants thrive, how tenants maintain safe and stable housing, how tenants are able to move out of subsidy-based housing, how we can improve the quality of subsidized housing, how we can improve or how we can reduce landlord harassment, how we can improve outcomes for tenants who have experienced sexual violence—all of that would be eliminated.” Additional victims of Project 2025’s slash-and-burn strategy? First-time homebuyers and the 30-year mortgage. The initiative recommends encouraging “shorter-duration mortgages” by increasing mortgage insurance premiums (which protect lenders in cases of buyer default) on loans longer than 20 years. Mortgage insurance is required for all Federal Housing Administration loans, which are typically used by lower-income borrowers. “First-time homebuyer opportunities are about intergenerational wealth building. They often are most impactful for Black and brown families,” Porter says. “This policy has a disparate impact to low-income first-time homebuyers, especially buyers of color.

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