Chair Shola Olatoye Responds to the Trump Administration’s FY 2018 Budget Proposal
“The Trump Administration’s devastating budget is an assault on public housing as we know it in this City.”
“The proposed rent increase for 2019 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 threaten our day-to-day operations and jeopardize the future of New York City’s Housing Authority.”
“Now more than ever, NYCHA needs your commitment to our NextGeneration NYCHA mission and to working smarter with less on behalf of the one in 14 New Yorkers who depend on us.”
FY18 Proposed Cuts
| Program | FY17 Funding | FY18 Funding | 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 |
| 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 13,000 vouchers |
