Senator Jacky Rosen Calls for Rejection of Trump Administration's Proposed Cuts to Affordable Housing Programs

Strategic Insights -

Senator Jacky Rosen (D-NV) has expressed her strong opposition to the Trump Administration's proposed cuts to affordable housing programs, warning that they would have catastrophic impacts in Nevada and across the country. The proposed cuts, which include a 44 percent reduction in the Department of Housing and Urban Development's (HUD) budget, would eliminate or severely reduce funding for critical programs that millions of Americans depend on to afford a home.

Key Takeaways:

  • The Trump Administration's proposed cuts to HUD's budget would result in a 44 percent reduction, eliminating or severely reducing funding for critical programs that millions of Americans depend on.
  • HUD programs have helped build thousands of homes in Nevada, with Community Development Block Grants (CDBG) assisting nearly 4,800 low-income households and the HOME program building or preserving nearly 9,000 homes in the state.
  • Eliminating these successful programs would worsen the current housing shortage in Nevada, which is facing the largest shortfall of affordable housing nationwide.
  • Senator Rosen has championed efforts to make housing more affordable for hardworking Nevadans, introducing the Housing Choice Vouchers Fairness Act and co-sponsoring the Affordable Housing Credit Improvement Act to raise low-income housing tax credits by 50 percent.
  • Senator Rosen secured over $43 million in HUD housing grants for Nevada last year, which helped fund Community Development Block Grants and HOME Investment Partnership Program investments.

Statistics:

  • 44 percent: The proposed reduction in HUD's budget
  • 4,800: The number of low-income households assisted by CDBG in Nevada
  • 9,000: The number of homes built or preserved in Nevada through the HOME program
  • $43 million: The amount of HUD housing grants secured by Senator Rosen for Nevada last year
  • 50 percent: The increase in low-income housing tax credits proposed by the Affordable Housing Credit Improvement Act