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Sequestration to Trigger Deep Housing Cuts
Donna Kimura / AFFORDABLE HOUSING FINANCE / March 1, 2013
About 125,000 individuals and families could lose their Housing Choice Voucher benefits and be at risk of becoming homeless under the widespread and indiscriminate cuts brought on by sequestration.
President Obama and Republican leaders had failed to reach an agreement Friday morning, which meant that the sequester and its approximately 5 percent cuts to government programs were officially set to go into effect sometime that day.
Although it was unknown when the pain would be felt on the streets, officials warned that it would be real.
“These reductions to HUD (Department of Housing and Urban Development) programs would be deeply destructive and would affect numerous families, individuals, and communities across the nation that rely on HUD programs,” said HUD Secretary Shaun Donovan in a February letter to Sen. Barbara Mikulski (D-Md.), chair of the Appropriations Committee.
Donovan cited numerous examples of the potential cuts, including: