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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s