A federal housing program that subsidizes private landlords like Donald Trump would be spared deep cuts under the President’s budget proposal, the Washington Post reported Tuesday. The Post noted that the President’s budget proposes deep cuts to most programs that provide relief to homeless and low-income people.
The federal housing program, known as “project-based rental assistance,” pays millions to participating housing complexes, including a massive apartment bloc in Brooklyn that the President has an ownership stake in.
The Post reported that the complex, Starrett City, earned Trump at least $5 million between January 2016 and April 15 this year.
Trump’s budget would gut almost 29 percent ($1.8 billion) from public housing, according to the Post. Meanwhile, the rental assistance program Trump profits from would lose $65 million, a cutback of about 0.5 percent.
The Post noted that the President himself wasn’t involved in the decision about the program. Both the White House and the Trump Organization did not respond to the Post’s questions.
Read the Post’s full report here.
Quick! Buy cardboard box stock now.
And tents. Invest in tent futures.
Upscale alt-housing?
That’s the attitude. The doorway isn’t really a doorway, it’s a condo if you just squint and look at it right.
That stair landing is a duplex.
Isn’t it fun being Romania?
What we need to solve the problem of homelessness is tax cuts.