2019 is here and we are still dealing with the confusion and stress of the government shutdown. A common topic being brought up is how to deal with current and new low-income tenants. As a property manager, this year we faced an unique situation. We value our occupants and process them all equally. What happens when they can’t pay?
Political tensions and a lack of funding for the Housing and Urban Development, has left HUD with their hands tied and a countdown for a housing crisis in March 2019. Government agencies are still functioning off of reserves for the next few months, but could soon leave home owners in a pickle. Click through these links for a quick view of the impact that the shutdown is having on government-funded housing agencies, and the concerns it brings to tenants. https://affordablehousingonline.com/blog/low-income-renters-threatened-by-govt-shutdown/
Home owners and tenants alike how are you preparing for the months to come?
Sources: Affordable housing online and the Housing and Urban Development.