The Trump administration’s proposal to slash Department of Housing and Urban Development Funding could leave New York state especially vulnerable, given its outsized reliance on federal housing assistance.
The president — who lived in New York for decades — proposed a budget that would cut HUD’s budget by almost 43%, which would mean a loss of billions spent helping people afford housing across the country. And it would stop funding federal housing programs advocates and Democrats say are vital.
In New York state, more than a million people rely on federal housing assistance, according to a report from January by the Center on Budget and Policy Priorities. New York received more than $818 million from HUD in 2024, hundreds of millions more than any other state.