I wrote a new blog post for Carolina Angles on the impact of the government shutdown on HUD programs, with an emphasis on the impact in North Carolina. An excerpt is included below:
On January 4th, the U.S. Department of Housing and Urban Development (HUD) released a memorandum intended to explain how payments will proceed to Assisted Property Owners who provide affordable housing units to families across the United States. They assured owners that, while the Department’s spending authority expired on December 21st, interim activities would continue for the first thirty business days. This would include payments for Section 8 contracts, rent supplement contracts, Section 236 agreements, and Project Rental Assistance Contracts (PRAC), among others, “on an as needed basis to ensure ongoing viability of assets and preservation of affordable housing…contingent on budget authority being available from prior year appropriations or recaptures.” It was not immediately clear if or how that would continue past the thirty-day mark, possibly because, at that time, it seemed unlikely we would surpass it .
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