Housing Vouchers Face Unprecedented Reduction

According to the Center for Budget and Policy Priorities, data collected by HUD in April 2003 indicate that the Bush Administration’s budget request for the fiscal year 2004 "is inadequate to fund all housing vouchers likely to be in use when the fiscal year starts in October 2003. Analysis of these data, which were not available at the time the President’s budget was prepared, shows that if the necessary funding above the President’s current request is not included in the appropriations bills this year and additional funds do not become available from other sources, approximately 184,000 vouchers in use serving low-income families at the beginning of the fiscal year likely will not be funded....Such a reduction would be unprecedented in the history of the voucher program."

Thanks to Connie Chung