Talk of the Town: Sequestration and Housing

Sequestration is the talk of the town this week in Washington, D.C. and much of the rest of the country as we close in on the end of the first week in this new federal budget environment. The New York Times predicted early this week that people living in poverty would be hit hardest by sequestration, the ten years of automatic, across-the-board budget cuts that started March 1.

The impacts of sequestration are already starting to show, with furlough notices being issued and cuts to overtime pay already begun.

Outside of D.C., communities are scrambling to cope with upcoming cuts. In Redondo Beach, CA, city leaders fear what cuts to Section 8 vouchers will do to the lowest income people in their city. Meanwhile, the local economy is dependent on defense contractors, who could also face reductions. Unemployment in the U.S. is the lowest it’s been since December 2008, but it remains to be seen what impact sequestration will have on the steady, if slow, growth the economy has seen over the last four years.

Has sequestration begun to impact your community? How has your local housing authority planned to deal with sequestration? Are you worried sequestration will cause you or a loved one to lose housing or a job? Let us know in the comments.

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