Jan. 28, 2025: What the New Administration Might Mean for HUD, PHAs and Section 8

After chatter about budget cuts during the campaign from several members of President Donald Trump's new administration, stakeholders in the affordable housing community watch attentively as developments arise in Washington, D.C. In this episode of Tax Credit Tuesday, Michael Novogradac, CPA; Rich Larsen, CPA; and Peter Lawrence, Novogradac's director of public policy and government relations, look at what may be in store for affordable housing through the prism of the U.S. Department of Housing and Urban Development (HUD). First, the trio discusses what might be ahead under Scott Turner, Trump's nominee for HUD secretary. Next, Lawrence and Larsen explore what some of the potential upsides for HUD might be under the new administration. Later, Larsen details challenges that may be on the horizon and how public housing authorities can act now to navigate possible shortfalls.