As Shutdown Drags On, Low-Income Housing Providers In Austin Worry Funding For Rent Could Run Out

“If we run out of money or this shutdown proceeds longer than [a couple of months], things might get more challenging.”

By Audrey McglinchyJanuary 15, 2019 10:00 am, , , ,

From KUT:

Prak Property Management Inc. has been digging into savings to keep some of its low-income properties in Austin running.

“It’s like a savings account that every month we are required to put a certain amount of dollars into for things like roofs, appliances, that sort of thing,” said Brad Prak, a management agent with the Texas-based company.

Two of the housing complexes Prak manages had their government contracts expire at the end of 2018. Without a new agreement in place – or Department of Housing and Urban Development, or HUD, employees to sign off on a contract – these properties are not receiving the subsidies they rely on to offer affordable rents to low-income families.

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