Federal Government Agencies Face Layoffs and Reduced Services
Worker Cuts and Service Disruptions Expected
Amidst efforts to streamline the federal government, approximately 50% of employees at the US Department of Housing and Urban Development (HUD) are facing job losses. Divisions affected include those providing housing assistance, investigating discrimination, and conducting market research.
Significant Cuts in Key Areas
The Federal Housing Administration, which insures mortgage loans, remains unaffected. However, offices responsible for enforcing fair housing and employment practices are projected to be reduced by 75%.
Other divisions facing substantial cuts encompass:
- Office of Policy Development and Research (housing market data)
- Office of Community Planning and Development (affordable housing programs, homelessness assistance)
Concerns Raised
AFGE Council 222 President Antonio Gaines expresses concerns over the potential impact on essential services, including housing vouchers and grants for rural hospitals. The deferred resignation program has also contributed to the workforce reduction.
Reporting and Insights
Claire Boston, a Senior Reporter for Yahoo Finance, provides comprehensive coverage of housing, mortgages, and home insurance. Stay informed with the latest financial and business news from Yahoo Finance.