The $6 billion question: What would Trump’s cuts to HUD really mean for NY housing?

From the April issue: During budget hearings in March, Shola Olatoye, chair of the New York City Housing Authority, relayed a sober message to the City Council’s housing committee. New York’s share of the $6.2 billion the Trump administration wants to cut from the Department of Housing and Urban Development would immediately affect repairs and maintenance, she explained. And this would come at a time when the public housing authority is already chained to a $17 billion capital backlog.