Picked up the Citypaper this morning and read a story that confirmed my blog post from yesterday concerning federal budget cuts for housing.
The spending reductions create only modest savings in the federal budget, but are acutely painful for cash-strapped cities struggling to cope with decades of disinvestment, decline and now economic crisis. Since 2010, congressional Republicans have made deficit reduction the centerpiece of their agenda, focusing their cuts on programs that assist poor and working-class citizens. As a result, Philly's federal housing funding is down 33 percent from just two years ago.
Click HERE for 'Cut to the Bone'