Section 8 Program faces imminent housing crisis

A sign of things to come: an owner of three apartment complexes in Greater Minnesota, notified his low-income and mostly elderly tenants that he will be exiting the U.S. Housing and Urban Development’s (HUD) Section 8 rent-subsidy program in one year. His decision stems from HUD’s failure to pay tenant subsidies for several months last summer. The experience of this building owner marks the beginning of an emerging crisis in the Section 8 program. It could lead to massive displacement of low-income families and the loss of hundreds of thousands of units of affordable housing if nothing is done. The project-based Section 8 program houses 1.3 million low-income households in the US. Continue Reading