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Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
Renee Willis, media@nlihc.org, (202) 662-1530 x247
President Trump's budget slashes critical resources used to help keep housed some of the country's lowest income and most vulnerable seniors, people with disabilities, families with children, veterans, and formerly homeless individuals. At a time when America's housing crisis has reached historic heights and the lowest income people suffer the most severe impacts, proposals to further cut these vital resources are unconscionable and unacceptable.
President Trump's budget slashes critical resources used to help keep housed some of the country's lowest income and most vulnerable seniors, people with disabilities, families with children, veterans, and formerly homeless individuals. At a time when America's housing crisis has reached historic heights and the lowest income people suffer the most severe impacts, proposals to further cut these vital resources are unconscionable and unacceptable.
President Trump proposes to cut overall HUD funding by 13% or $6.2 billion compared to 2016 levels. When compared to funding levels needed for FY 2017, the proposed cuts amount to a 15% or $7.5 billion reduction.
If enacted, Trump's proposed budget would result in the most severe cut to HUD since President Reagan dramatically reduced funding in the early 1980s. Reagan's deep spending cuts ushered in a new age of homelessness with a dramatic increase in the number of people sleeping on the streets, in cars, and in shelters. Years after those shortsighted and devastating cuts, a major infusion of resources were needed for homeless shelters and services. President Trump seems eager to follow in Mr. Reagan's footsteps, repeating his mistakes and working to make America homeless again.
These budget cuts would have a devastating impact on millions of the lowest income people across the country. More than 200,000 seniors, families, and people with disabilities will be at immediate risk of evictions and homelessness, and local communities will be starved of the funding they need to build and repair affordable homes and revitalize distressed communities.
President Trump proposes to eliminate Community Development Block Grants, the HOME Investment Partnerships program, Choice Neighborhoods grants, NeighborWorks America, and the Self-help Homeownership Opportunity Program. His budget also would eliminate the U.S. Interagency Council on Homelessness, which coordinates the federal response to homelessness across 19 federal agencies, legal aid services that provide the only resource available to help deeply low income people avoid unwarranted evictions, and resources to help low income families heat their homes in winter.
President Trump and Office of Management and Budget Director Mick Mulvaney would have us believe that their budget would continue to provide housing assistance to the 4.5 million low income families who currently rely on these resources. However, their proposal identifies only $4.1 billion of the $7.5 billion they propose to cut. While they suggest that the remaining $3.4 billion can be addressed through "reforms that reduce costs," there is simply no way to make up for this funding gap without directly harming the low income people who currently receive and rely on HUD housing assistance.
Moreover, because the president proposes to reduce FY 2017 spending levels for non-defense programs by $18 billion, federal affordable housing resources could face even deeper spending cuts in the short term.
With his budget, President Trump has broken yet another campaign promise - this time, his vow to revitalize distressed communities. HUD Secretary Dr. Ben Carson has also reneged on the commitments he made during his confirmation process to "house as many families as possible in safe, affordable housing...and look for ways to expand affordable housing options everywhere."
According to the National Low Income Housing Coalition's (NLIHC) recently released report,The Gap: A Shortage of Affordable Homes, the U.S. has a shortage of 7.4 million affordable rental homes available to the lowest income people. Every state and congressional district is directly impacted by the growing housing crisis. Because of chronic underfunding of rental housing assistance programs, just one in four of the poorest people in America get the housing assistance they need. At a time when investments in affordable housing are needed to help low income families access safe, decent homes, achieve economic mobility, maintain better health, improve educational outcomes, and create jobs, these proposed cuts are deeply misguided and wrong.
This budget proposal must not and will not stand. Unlike President Trump's plan to use budget reconciliation to reduce access to healthcare coverage for 24 million people, any spending bill will require at least 60 votes in the Senate. We will work with allies in Congress and with residents, partners, stakeholders, and advocates across the country to ensure that this budget proposal is dead on arrival. Congress must maintain funding for all critical affordable housing programs.
Join NLIHC and other leaders of the Campaign for Housing and Community Development Funding for more on how to get involved and stop President Trump's disastrous budget cuts to affordable housing in its tracks on a webinar on March 20 at 4pm EST.
The National Low Income Housing Coalition is dedicated solely to ending America's affordable housing crisis. Established in 1974 by Cushing N. Dolbeare, NLIHC educates, organizes and advocates to ensure decent, affordable housing within healthy neighborhoods for everyone. NLIHC provides up-to-date information, formulates policy and educates the public on housing needs and the strategies for solutions.
"Affordability?" said Rep. Troy Nehls. "What are you talking about?"
Republican Rep. Troy Nehls, a leading defender of President Donald Trump, didn't seem too concerned when asked on Tuesday about Americans' struggles to pay for food on the Fourth of July, saying they may just not work as hard as he does.
As Nehls (R-Texas) prepared to depart for the holiday recess, a pair of reporters—Pablo Manríquez of Meidas Touch and Julian Andreone of Drop Site News—caught him on the steps of the Capitol and asked how Republicans planned to address the high cost of living, which voters consistently say is their top concern entering midterm election season.
Manríquez asked Nehls how House Republicans planned to "make the case that you're fighting for affordability when you go back to your districts?"
Nehls responded: "Affordability? What are you talking about?"
Unprompted, he proceeded to brag about his plans for the holiday: "I'm gonna go there tomorrow. I'm gonna get me a couple of big lobster tails. I'm gonna get me some nice rib-eyes. I'm gonna sit in my backyard with my family and my neighbors, and we're going to be enjoying the Fourth, celebrating 250 years... celebrating the greatest president of my lifetime, Donald J. Trump."
According to the latest Consumer Price Index report from the Bureau of Labor Statistics, annual inflation has surged to 4.2% after Trump's war with Iran caused energy costs to spike and prices to soar throughout the economy.
High inflation has affected the cost of many holiday staples. According to a report out Tuesday from the Groundwork Collaborative, the cost of ground beef has surged more than 20%, and Ball Park brand hot dogs have climbed 13% in price since last summer.
"Everybody understands, you're going to see a little increase in energy prices because of Iran," Nehls said Tuesday. "I mean, come on, people aren't stupid, you realize that when you have a conflict in Iran."
Though oil and gas companies are reportedly set to make an additional $700 billion this year on the backs of consumers beyond what they would have made without the war, Nehls credited Trump with taking on "price gouging." And though gas prices are still projected to remain elevated through the year's end despite a possible end to the war, he said the high costs were a "temporary issue."
Andreone then asked Nehls, "Do you think the 60% of Americans who are living paycheck to paycheck can afford lobster tails and rib-eyes and all of that?"
"Maybe not," Nehls responded. "Maybe the 60% of Americans don't work as hard as I do, neither, I mean I don't know."
With Trump's approval rating on the economy in shambles—a record low 33% of American adults said they approve of his performance in an NPR/PBS News/Marist poll last week—Nehls' comments were perceived as yet another sign that Republicans were hopelessly out of touch with Americans' needs.
It was not the only one. At a time when more than three-quarters of Americans said the cost of housing was an important issue, Trump justified his refusal to sign a piece of bipartisan housing legislation on Monday by saying: "I don't want to drive housing prices down. I want to drive housing prices up."
Trump has previously described the concept of affordability as a Democratic "hoax" and said that when making decisions related to the Iran War, "I don't think about Americans' financial situation."
While Nehls is retiring and won't have to face voters' wrath in November, his tin-eared surf and turf boast could provide more ammunition to Democrats hammering on affordability as they hope to take back the House and Senate, in part by gaining ground in his home state of Texas.
Responding to the video of Nehls, journalist and commentator Mehdi Hasan said, "Democrats should turn this into an ad."
One expert who has studied presidential wealth called Trump's windfall "completely unprecedented" in American history.
Annual financial disclosures released Tuesday reveal that US President Donald Trump pocketed at least $2.2 billion—more than half of it from his family's crypto grift—during his first year back in the White House, a windfall that experts say is without precedent in American history.
The disclosure report shows that Trump pulled in $635 million in royalties from Celebration Coins, an entity linked to the president's meme coin. The president also disclosed around $527 million in proceeds from token sales by World Liberty Financial, the Trump family crypto venture spearheaded by Eric Trump and Donald Trump Jr.
“It is completely unprecedented,” Megan Gorman, a tax attorney who has studied the history of presidential wealth, told The New York Times of the president's windfall.
Robert Weissman, co-president of the consumer advocacy group Public Citizen, said in a statement that "Trump’s obscene income is driven by various cryptocurrency schemes, leveraging his political position to exploit a scam-driven industry that he once said was nothing more than a racket."
"In doing so, he’s ripping off investors—to the tune of billions—who want to get in on the game with him, or think that buying his crypto products is an innocent means to show their support," said Weissman. "Most troubling, Trump’s personal profit interest has now aligned him with the crypto industry, paving the way for dangerous legislation that will facilitate mass rip-offs and even threaten financial system stability."
Trump's massive profits from an industry he's tasked with regulating represent what the watchdog group Campaign Legal Center (CLC) described as an "unprecedented" conflict of interest, notwithstanding the White House's laughable claim that "neither the president nor his family has ever engaged—or will ever engage—in conflicts of interest."
"We have never seen a president have direct conflicts of interest with his financial holdings and the policies he supports, and it’s another example why we need widespread ethics reform now," Kedric Payne, CLC's senior director of ethics, told The Wall Street Journal.
The Journal noted that, in addition to crypto profits, "Trump reported $4.7 million in income last year from Trump-branded watches, as well as $1.9 million in royalties from his 'Save America' book."
"Multimillion-dollar licensing deals linked to real-estate developers stretched from Romania to India to across the Middle East. A $6,484-a-month pension from the Screen Actors Guild continued paying out," the newspaper observed.
The disclosures also include tens of million dollars in legal settlements stemming from Trump's lawsuits against major companies, including ABC, CBS, and Meta.
Sen. Elizabeth Warren (D-Mass.), the top Democrat on the Senate Banking Committee, said Tuesday that lawmakers must add language to the upper chamber's crypto legislation that prevents "the president, vice president, senior administration officials, members of Congress, and their families from profiting off the crypto industry."
"If it does not," the senator warned, "it will only turbocharge Donald Trump’s brazen crypto corruption."
"With ocean temperatures at these levels and El Niño on the horizon, we are likely to see more temperature records fall in the coming months."
A new report released Wednesday shows that surface temperatures of the world's oceans hit a record for June, sparking fresh warnings of grave “consequences for weather patterns, global climate and marine ecosystems” across the globe.
The analysis by the European Union’s Copernicus Marine Service, and confirmed by the Copernicus Climate Change Service (C3S), finds that “record global sea surface temperatures” of 21.0° Celsius (69.8° Fahrenheit) in June of 2026 beat the previous record in the same month broken in 2023 and again in 2024.
C3S director Carlo Buontempo warned that the "current conditions" of the oceans "could indicate the beginning of a new phase, leading, once more, to uncharted territory."
"With ocean temperatures at these levels and El Niño on the horizon, we are likely to see more temperature records fall in the coming months," Buontempo warned. "That Copernicus Marine data reaches the same conclusion through independent methods speaks to the strength of European science—and to why open, robust data matters now more than ever.”
According to a statement from Copernicus, warmer oceans have wide-ranging impacts on natural systems and human infrastructure, noting that "higher ocean temperatures keep the atmosphere warm for longer, provide extra energy to storms and increase evaporation, thus enhancing the potential for extreme precipitation and flooding. Ocean warming also contributes to sea level rise and ice melt, and stresses marine ecosystems."
With the onset of a new El Niño cycle—which tends to trigger more pronounced weather events worldwide—the continued increase of ocean temperatures is a serious concern of scientists.
Wednesday's report on ocean temperatures also arrives as record-breaking heat waves hit both Europe and North America, offering more evidence of the perils of an ever-hotter world that is being pushed to the brink by the burning of fossil fuels and the failure of governments worldwide to finally act against the fossil fuel industry that is driving the crisis.
Surging ocean surface temperatures are "not unexpected,” Michael Meredith, an ocean scientist at the British Antarctic Survey, told CNN in response to the Copernicus report. “But the pace of warming we are now seeing is alarming.”