As the Obama Administration’s 2012 budget proposal shows, we have entered a new period of budget restraint that will impact heavily on federal housing programs. There seems to be general agreement that housing programs will be contained, controlled, and cut back. In fact, the Administration’s proposal looks like the best possible outcome in the current budget atmosphere, certainly when compared to the cuts passed last week by the House for the 2011 budget. These will have important impacts around the country, but New York City, with the most aggressive housing program in the country, stands to suffer serious consequences.

Please wait while flipbook is loading. For more related info, FAQs and issues please refer to documentation.

By Harold Shultz