07/22/2025
The Wall Street Journal recently spoke with Wallick CEO Amy Albery and other industry leaders about the impact of a federal budget proposal that includes a $27 billion (43%) cut to HUD rental assistance programs.
These potential changes threaten the progress made through recent victories like LIHTC expansions, creating uncertainty for affordable housing and the millions of residents who depend on it.
Read the full story here: https://www.wsj.com/real-estate/trump-housing-projects-funding-cuts-aa284709?gaa_at=eafs&gaa_n=ASWzDAj0OHVo5ThyhUteweTRl2EmXEt5r9t9FoOlZ6d267vZf2K_vSsqxovjoS8Tptk%3D&gaa_ts=687fe183&gaa_sig=gCqkegruLBf6CTOzgBe2xq-bO_ICwQdvct3gu9bXsUO8mFGoFk2JgQ1R6cnVVFGzEnjLAEk9ln-dGtBnbhyYgA%3D%3D
The Trump administration’s plan to cut $27 billion would make it harder to maintain and pay debt on these properties, developers say.
