Housing Assistance at Risk Due to Sequestration

Your Congressional Representatives are at home campaigning for the upcoming election. It is important to contact them now about “sequestering”. Sequestration is a mandatory, across-the-board government spending cut that will affect federal affordable multifamily housing programs, especially rental assistance programs. The most vulnerable will be harmed if we do not urge our representatives to vote against this move.
According to NAHMA (National Affordable Housing Management Association), “Almost all federal affordable multifamily programs are eligible for sequestration, and would be cut by 8.2 percent if it is enacted.” Sequestering HUD’s budget alone could result in the loss of:

• 53,000 jobs
• Housing assistance for at least 250,000 households – many of which are elderly, disabled, and/or veterans
• Homelessness assistance for 100,000 households