Voucher Program Faces Sequestration Cuts

Over 4,000 NJ Families Could Lose
Housing by the End of 2014

Vouchers VanishThe Center for Budget and Policy Priorities (CBPP) has released a new analysis of the effect of sequestration cuts on the Housing Choice Voucher Program.

Across the country:

  • More than 2.1 million low-income families use Housing Choice Vouchers to rent private-market housing at an affordable rent; and
  • As many as 185,000 of these families could lose their housing by the end of 2014.

And in New Jersey:

  • 64,311 households currently receive assistance through the Housing Choice Voucher Program; and
  • Between 3,267 and 4, 272 families may lose their housing by the end of 2014.

Because of the sequestration cuts instituted on March 1, 2013, state and local housing agencies are facing substantial shortfalls in funding to renew the Housing Choice Vouchers. More than 2.1 million low-income households use these vouchers to rent modest private-market housing at an affordable cost.

If Congress does not cancel sequestration as part of an agreement to fund the government beyond January 2014, agencies will continue to face shortfalls, and the resulting hardships for low-income families will worsen considerably in the year ahead. Families who rely on vouchers may also face rising rents and fewer housing options.

This unprecedented reduction in federal rental assistance primarily affects low-income seniors, people with disabilities, and working families with children who are currently on waiting lists for assistance.

Click here for the full CBPP analysis.