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FOR IMMEDIATE RELEASE: May 23, 2017
CONTACT: media@nycha.nyc.gov

STATEMENT FROM NYCHA CHAIR ON TRUMP ADMINISTRATION’S FY 2018 BUDGET PROPOSAL

NYCHA Chair and CEO Shola Olatoye said, "The Trump Administration's devastating budget is an assault on public housing and affordable housing as we know it in this City. For the 1 in 14 New Yorkers who call NYCHA home, the proposed rent increase will mean that families barely making ends meet, as it is, will be forced to choose between putting food on the table and paying the rent. These cuts to HUD would strip nearly every dollar from public housing infrastructure and threaten our day-to-day operations. We will vigorously fight any and all cuts that jeopardize the future of New York City’s Housing Authority."

FY18 Funding Summary

Program

FY17 Funding

FY18 Proposed

National Reduction

NYCHA

Public Housing Capital Fund

$1.9 billion

$628 million

$1.3 billion
68% decrease

$210 million loss

Public Housing Operating Fund

$4.4 billion

$3.9 billion

$500 million
11% decrease

$80-130 million loss
(two year loss of $100-$150 million)

Housing Choice Voucher Program

$20.3 billion
$18.4 billion for renewals

$19.3 billion
$17.6 billion for renewals

$1 billion decrease, $800 million decrease for renewals
(Loss of 250,000 vouchers)

Loss of 13,000 vouchers