Continued Sequestration Puts Virginia’s Most Vulnerable Families Utilizing Affordable Housing Rentals At Risk

For More Information: 

Jenn White 757.314.2009

For Immediate Release
Release Date: 
Mon, 12/09/2013

The Norfolk Redevelopment and Housing Authority is teaming with national and state housing partners to focus on the impacts of sequestration on vulnerable Virginia households that cannot afford market rents.

The Housing Choice Voucher (HCV) program increases affordable, quality housing choices for low income households (average $16,000 annual income) by allowing families to choose privately owned rental housing. The HCV program is only being funded 69% of what it costs to administer it and further cuts will put the program in severe jeopardy. To date, 3,295 families in Norfolk are waiting to receive vouchers.

These efforts come at a critical time as the bipartisan House-Senate budget committee is close to a deal that would set federal spending for two years and do away with some sequestration cuts. The committee faces a December 13 deadline to have its budget recommendations ready for consideration by the House and Senate. A new spending plan must be enacted before the expiration of the current Continuing Resolution on January 15, 2014.

In addition, American’s Rental Housing Report conducted by the Joint Center for Housing Studies of Harvard University will be delivered on December 9 from 11a.m.-6p.m. at the Newseum in Washington DC. Senator Mark Warner will speak at 2 p.m. regarding Housing Finance Reform & Multifamily Lending.

Virginia Association of Housing and Community Development Officials (VAHCDO) will provide Senator Warner with a detailed briefing regarding sequestration impacts on affordable rental housing on December 10. Virginia is one of only two states that has two senators represented on the budget committee, Senators Kaine and Warner, both of whom are advocates for affordable housing initiatives.

American’s Rental Housing Report:

NAHRO is a professional membership organization comprised of approximately 23,000 housing and community development agencies and officials throughout the United States who administer a variety of affordable housing and community development programs at the local level. Saul Ramirez, CEO.

Since 1941, the VAHCDO has assisted Virginia's redevelopment and housing authorities and local government housing and community development departments in promoting affordable housing opportunities and vibrant communities. Michael G. Wong, Executive Director.

About NRHA: 

Founded in 1940, NRHA is a national leader in community revitalization and fostering sustainable mixed-income communities. As the largest redevelopment and housing authority in Virginia, NRHA plays a key role in making Norfolk the city of choice to build, work, live and play.

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