New Report Documents Additional FY18 Funding Needed to Prevent Cuts to Housing Vouchers

The Center on Budget and Policy Priorities (CBPP) released a new report that found that the Senate and House FY18 funding bills for HUD would cut the number of Housing Choice Vouchers (HCV) next year by 40,000 and 120,000, respectively, leaving many low income seniors, people with disabilities, and families with children without the housing assistance they need. According to CBPP, because of rising rents and other factors, $19.72 billion will be needed to fully renew vouchers in 2018— $345 million more than the Senate bill provides, and $1 billion over the House bill amount.

Read the report at: