Losers: Public-housing residents
Photo by: Scott Olson/Getty Images
Programs like the Community Development Fund, the Public Capital Fund, and the Hope VI program, which provide cities with federal funds to revitalize distressed public-housing neighborhoods, collectively face $1.5 billion in cuts. Cities undergoing major revitalization efforts, like Chicago's "Plan for Transformation," may be forced to dip into emergency funds or halt renovations before homes are ready for residents to move back.
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