• 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

Celebrity chef lashes out at Trump for changing...

April 3, 2026

What B-52 bombers bring to Iran fight —...

April 3, 2026

GOP targets transgender animal testing in defund demand...

April 3, 2026

VP Vance to meet with Viktor Orbán in...

April 3, 2026

WATCH: President Trump reveals families of slain US...

April 3, 2026

FBI warns some foreign apps could collect Americans’...

April 2, 2026

Justice Jackson sparks online uproar after linking birthright...

April 2, 2026

Trump-backed wife of RNC chair launches bid for...

April 2, 2026

Trump administration accused of violating court order by...

April 2, 2026

Pam Bondi already fired as attorney general, Cabinet...

April 2, 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

  • Trump presses NATO partners on support as Hegseth blasts hesitation

    March 3, 2026
  • HHS employees offered $25k as ‘incentive to voluntarily separate’

    March 10, 2025
  • Elon Musk confirms Tesla has signed a $16.5 billion chip contract with Samsung Electronics

    July 28, 2025
  • The Evolution of Forex Trading: From Barter to Blockchain

    October 8, 2024
  • Walz responds to vice presidential debate invitation; Vance says ‘I strongly suspect we’re going to be there’

    August 15, 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

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,466)
  • Investing (1,568)
  • Stock (1,012)

Latest Posts

  • Dow futures plunge after Oracle’s earnings shock: 5 things to know before Wall Street opens

    December 11, 2025
  • Sullivan claims Biden admin leaves Russia, China and Iran ‘weaker,’ America ‘safer’ before Trump handoff

    January 12, 2025
  • Charlie Kirk credited with helping Trump gain significant ground with young voters

    September 19, 2025

Recent Posts

  • Greene calls for yanking FDA approval of COVID-19 vaccines: ‘Causing permanent harm and deaths’

    March 21, 2025
  • Adobe drops as Narayen exit and AI worries overshadow earnings beat

    March 13, 2026
  • Ulta and Target will end deal for in-store beauty shops next year

    August 15, 2025

Editor’s Pick

  • Heightened ‘significance and importance’ as Vance, Walz face off in VP debate

    October 1, 2024
  • American Eagle shares plunge 17% after it withdraws guidance, writes off $75 million in inventory

    May 14, 2025
  • Leavitt says Trump chooses diplomacy first for Iran, but remains ‘willing to use’ lethal force if necessary

    February 24, 2026
  • 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