US (AMERICANS FOR FINANCIAL REFORM) : CONGRESS cannot let TRUMP throw people back into homelessness!

 

Across the country, people are being squeezed by a housing market built to reward landlords, investors, mortgage companies, private equity firms, and Wall Street speculators while punishing everyone else. Corporate landlords are buying up homes, hiking costs, and treating families like revenue streams. Already, rents are too high and evictions are rising. Mortgage servicers and financial firms keep finding new ways to extract money from people already struggling to stay afloat. And instead of confronting the corporate actors driving housing instability, Trump wants to rip away the programs that help people survive it. Trump’s FY27 budget would eliminate the Continuum of Care program, a core federal program that helps people remain in permanent housing after experiencing homelessness. That means people who finally made it indoors, finally found stability, and finally had a chance to rebuild their lives could be thrown right back into crisis. Trump’s budget would take a housing system already warped by Wall Street speculation, corporate rent hikes, predatory lending, and decades of underinvestment, then make it even more punishing for the people with the fewest resources. It would not solve homelessness. It would manufacture more of it. Tell Congress to reject Trump’s attacks on housing and homelessness assistance and fully fund the programs keeping people housed. SIGN & SEND This budget would be devastating for people with disabilities, seniors, families with children, veterans, young people, survivors of domestic violence, and people with behavioral health needs. It would also deepen the racial and economic inequities baked into our housing system, where Black, Latino, Native, and low-income communities are more likely to face eviction, displacement, and homelessness because of generations of discrimination and underinvestment. Local homelessness systems are already being asked to do the impossible. Shelters are full. Permanent housing is scarce. Service providers are stretched thin. Cities, counties, and nonprofits are being forced to absorb the costs of a housing crisis created by policy failure and corporate greed. Cutting federal homelessness assistance would not save money. It would push the costs onto emergency rooms, schools, local governments, shelters, and families already in crisis. Congress must provide $5.1 billion for HUD Homeless Assistance Grants, including $4.6 billion for Continuum of Care and $500 million for Emergency Solutions Grants. Congress must also block sudden HUD policy changes, funding delays, arbitrary restrictions, time limits, and attacks on equal access protections that would destabilize local programs and put more people at risk. Safe, stable, affordable housing should matter more than maximizing returns for landlords, investors, and financial intermediaries. Trump’s budget does the opposite. It asks the people with the least to pay the price while the wealthy and well-connected keep benefiting from a rigged housing market. Send a message to Congress now and demand they reject Trump’s housing cuts, fully fund homelessness assistance, and protect people from being pushed back onto the streets. Thank you for standing with us in the fight for housing justice. - Caroline. Caroline Nagy (she/her) Associate Director of Housing Americans for Financial Reform. Support the campaign

Americans for Financial Reform