this post was submitted on 12 Mar 2025
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Summary

The Trump administration is shutting down a $1 billion HUD program that helps preserve aging affordable housing, jeopardizing upgrades for at least 25,000 units.

The Green and Resilient Retrofit Program funds critical repairs and ensures affordability for up to 25 years. Housing advocates warn that without it, many projects will fail, leaving low-income seniors vulnerable.

Tenants fear losing their homes as funding uncertainty stalls renovations.

The decision, directed by Elon Musk, has left affordable-housing organizations scrambling for alternative funding.

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[–] deadkennedy@lemm.ee 35 points 3 days ago (1 children)

thankfully the billionaire class will gleefully buy up these now unlivable structures for cheap, tear them down, then rent us the space they build (at a profit of course).

/s

[–] pipe01@programming.dev 10 points 3 days ago

FUCK YOU HERE'S A WALMART WOOOOOO

[–] jballs@sh.itjust.works 7 points 2 days ago

It sickens me that these cuts are seen as "saving money". It'd be like if I told my wife I saved us a ton of money this month by not paying the mortgage.