• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Trump admin targets $3.3B homeless housing program, 170,000 people could face return to streets: report

by September 30, 2025
written by September 30, 2025

The Trump administration is looking to cut funding for a program that provides permanent housing to the homeless, a move that may leave those the program aims to help back on the streets, according to a report.

More than 170,000 people could be at risk of experiencing homelessness when more than half the funding for the Department of Housing and Urban Development’s (HUD) permanent housing program is cut, Politico reported on Monday, citing three HUD employees, internal HUD documents and a person with knowledge of the Continuum of Care (CoC) program.

The cut funds will be moved to transitional housing assistance with some work or service requirements, according to the internal documents and those with knowledge of the situation. The cuts could have a greater impact on rural areas that have less access to city and state funds to supplement federal dollars, the people told the outlet.

‘When the subsidy and the support that goes along with those subsidies is removed, it puts people at grave risk,’ said the person with inside knowledge of the CoC program. ‘And most of these folks without these supports will likely end up back in emergency shelters or back on our nation’s streets.’

HUD Secretary Scott Turner wrote in a  Fox News Digital opinion piecei earlier this month about a ‘paradigm shift’ in the department’s approach to homelessness and housing.

‘But our goal is to let HUD use real, proven effective strategies, and there is no evidence that giving free apartments to the homeless without preconditions or participation requirements – like job training or treatment – leads to good outcomes,’ Turner wrote. 

‘There is evidence, however, that countless lives have been lost to overdoses in HUD-funded housing because of this failed ideology,’ the secretary continued.

Turner wrote that HUD wants to continue to help support work that aims to aid those experiencing homelessness and battling addiction to recover and become self-sufficient.

Permanent housing funding for 2026 is currently $3.3 billion and could be cut in half to $1.1 billion through the Trump administration’s effort, according to Politico. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Biden admin put some Americans who resisted mask mandates or were involved in Jan 6 on severe no-fly list: TSA
next post
US companies secure record $170B in global contracts under Trump so far, Commerce says

related articles

Trump considers legal action against Michael Wolff and...

February 1, 2026

Senate Republicans push for House GOP rebellion against...

February 1, 2026

Tax season scams surge as filing confusion grows

February 1, 2026

Israel, Egypt coordinate reopening of Rafah Crossing in...

February 1, 2026

Trump says Iran ‘seriously talking to us’ as...

February 1, 2026

Amber Rose defends Charlie Kirk’s widow against online...

February 1, 2026

House Democrats mutiny Schumer’s deal with White House,...

February 1, 2026

State Department issues security alert amid ‘heavy gunfire’...

February 1, 2026

Noem touts TSA success after thousands with terror...

February 1, 2026

Hundreds rally outside Iranian UN ambassador’s Fifth Avenue...

February 1, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • VICTOR DAVIS HANSON: Key questions about the Signal psychodrama

    March 29, 2025
  • A Silicon Valley exec had $400K stolen by cybercriminals while buying a home. Here’s her warning.

    July 24, 2024
  • Russia monitoring Trump’s ‘dramatic’ comments on Greenland acquisition

    January 9, 2025
  • The dollar index could continue to retreat below 104.00

    July 15, 2024
  • William McGinley tapped as Trump’s White House Counsel

    November 13, 2024

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,746)
  • Investing (920)
  • Stock (969)

Latest Posts

  • US approves massive arms sales to Israel and Saudi Arabia for more than $15 billion amid Middle East tensions

    January 31, 2026
  • Ranked choice voting dealt blow by voters, rejected in numerous states

    November 15, 2024
  • Vindman’s call to release Trump-MBS transcript reopens old questions in US-Saudi relationship

    November 23, 2025

Recent Posts

  • Harris says Trump’s rifle comments about Liz Cheney are ‘disqualifying’

    November 1, 2024
  • FTC opens broad antitrust investigation into Microsoft

    November 29, 2024
  • 5 key numbers that will decide the 2024 presidential election

    October 9, 2024

Editor’s Pick

  • Long UPST: Upstart Holdings Q3 Results Spark Optimism Amid Strong Growth and Bullish Market Reaction

    December 4, 2024
  • Hospitals nationwide challenge Trump’s executive order on transgender treatments for minors

    February 13, 2025
  • JOSH HAMMER: Trial lawyer lawfare vs. Trump’s policy revolution

    September 20, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock