MONEY AND WORK

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March 3, 2009

REMEMBER ALL THOSE WONDERFUL HOUSING PROGRAMS YOU'VE BEEN HEARING ABOUT?

Center on Budget and Policy Priorities - 165,000 units of public housing have been lost since 1995 and not replaced; these losses are likely to continue.

Between 2004 and 2006, voucher assistance for approximately 150,000 low-income families was eliminated as funding shortfalls compelled housing agencies to serve fewer families.

Some 10,000 to 15,000 units of affordable Section 8 housing are lost every year as owners exit the program. . . At greatest risk are approximately 150,000 units whose owners already have strong financial incentives to leave the program because the rents they receive are well below market rates.

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