NYCHA chair takes aim at Trump’s funding cuts

Shola Olatoye said the proposed $75M-plus in budget cuts jeopardizes the agency's progress

TRD New York /
Mar.March 14, 2017 12:00 PM

Ritchie Torres and Shola Olatoye

The New York City Housing Authority will lose at minimum $75 million from its operational budget this year as a result of Trump administration funding cuts, agency chair Shola Olatoye testified Monday. The loss in federal funds means the beleaguered agency expects to run a $14 million operational deficit, instead of a surplus this year.

“The hard-fought gains to improve service levels may slip backwards at one of the first casualties of cuts,” Olatoye said at a City Council budget hearing yesterday, according to the Daily News. “I fear all that progress may be in jeopardy as we face the most uncertain times in public housing history.”

The federal Department of Housing and Urban Development, led by Secretary Ben Carson, informed the city there will be a new $40.5 million cut to Section 8, in addition to more than $35 million in cuts that were estimated last week, according to the New York Daily News. NYCHA is already struggling to reduce a $17 billion backlog in capital repairs.

The agency will be forced to consider stopping repair work after 4:30 p.m., because of high costs, as well as cutting the number of Section 8 vouchers, according to Olatoye. She added that there is a “very real concern and threat” that residents will see rent hikes if a Republican-controlled Congress alters the rules setting rent at 30 percent of a tenant’s income.

Bronx council member Ritchie Torres, who is chair of the public housing committee, said the Trump presidency “poses the gravest threat to public housing in the 82 year history of the New York City Housing Authority.” [NYDN] — Miriam Hall


Related Articles

arrow_forward_ios
Alexandria Ocasio-Cortez, Bernie Sanders and Elizabeth Warren

By the numbers: Breaking down national housing agendas from the far left

Nuveen CEO Vijay Advani, Blackstone President & COO Jonathan Gray and one of the Texas properties

Blackstone just sold off a 29M sf national industrial portfolio

The purge continues: WeWork’s head of real estate is leaving

Judith and Rudy Giuliani Rudolph and Judith Giuliani are divorcing after 16 years. (Credit: Getty Images, Trulia, Highrises)

Luxury properties at play in Rudy Giuliani’s ugly divorce

Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

43-20 49th Avenue in Long Island City and Andrew Chung of Innovo Property Group (Credit: Google Maps)

Andrew Chung tees up Queens’ biggest deal of 2019

Congresswoman Alexandria Ocasio-Cortez Holds Public Housing Town Hall In The Bronx (Credit: Getty Images)

Rep. Alexandria Ocasio-Cortez wants to put rent regulation, mortgage fraud in the national spotlight

Elevated risk: Malfunction at NYCHA is putting public housing residents at greater risk of being injured in its elevators

arrow_forward_ios