April 1, 2025: What We Know Now About the Administration, HUD and PHAs

After 10 weeks of the second Trump administration, funding and staffing changes continue to develop for affordable housing funded by the U.S. Department of Housing and Urban Development (HUD) and for the public housing authorities (PHAs) that oversee much of that spending. On this week's episode of Tax Credit Tuesday, host Michael Novogradac, CPA, discusses HUD-related issues with Peter Lawrence, Novogradac's chief public policy officer, and Rich Larsen, CPA, who leads the company's public housing authority practice. They look at how the federal government's continuing resolution funding package for fiscal year 2025 affected HUD spending, then look at issues in the fiscal year 2026 funding plans. After that, they discuss how the reduction in the HUD workforce and field offices affect PHAs and others, before wrapping up with a look at how cuts to the Green and Resilient Retrofit Program funding are playing out and what we know now that we didn't know on inauguration day.