More on Rural Rent Cuts

Users of the Rural Rental Assistance Program know that this unique NYS Program allows us to leverage funds for new construction of rental housing- a program that is all be gone in other states.  Now the State is looking to cut the program- no new units and fund most of this year’s expiring units with HUD Section 8 project based rental assistance.  So it “fixes” the current crisis for this year, but what about next year? Will there be any more HUD Section 8 available?  They also have negotiated a one year decrease in deposits to project reserves to save money on rents.  Will that do these units any good? A short term solution at best

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