Austin City Council Members Pool and Renteria join McFadden in opposing Trump cuts to housing

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Austin City Council Members Pool and Renteria join McFadden in opposing Trump cuts to housing

AUSTIN- Austin City Council Members Leslie Pool and Sabino “Pio” Renteria joined Democratic Congressional Candidate Elliott McFadden (TX-21) in calling for the Trump administration to roll back proposed budget cuts to the Department of Housing and Urban Development (HUD) due to the negative impact it would have on addressing affordability in Austin. Their statements come as affordable housing advocates kick off a week of events calling for more federal investment in housing with a rally called “Austin Homes, Austin Voices” at Austin City Hall on Saturday at 10 AM.

“Federal investment in affordable housing programs is a critical part of our strategy to address Austin’s affordability crisis,” Council Member Pool said.  “HUD funds provide housing support for the most vulnerable in our community.”

“Housing funds from HUD are a multiplier in our local investment in affordable housing,” said Council Member Renteria. “We simply cannot not meet our local affordability goals without this partnership with Washington.”

The Trump budget proposes a $7 billion cut to HUD including low income housing vouchers and Community Development Block Grants, which have been used as part of the funding of over a dozen affordable housing developments in the city over the last decade. If the cuts are approved, Austin would lose over $18 million in HUD funds annually.

“When I led the effort to pass the $65 million housing bond, there was an assumption that the federal government would continue to match our local investment so that we can provide the most housing possible to those in need,” said McFadden, who managed the 2013 City of Austin affordable housing bond campaign. “The communities in TX-21 would lose over $55 million annually in funds. This move by the Trump administration to target our lowest income neighbors is both cruel and bad policy.”

“We are supporting Elliott McFadden for the 21st Congressional District because we need a member of Congress who knows how important this issue is to Austin, has been doing the work to keep Austin affordable, and will fight to restore and expand federal housing funds,” Pool and Renteria said.