In Interview with Pacific Standard Magazine, CLPHA Executive Director Warns of Shutdown’s Ripple Effect on Housing Market

Date Published: 
January 22nd, 2019

Pacific Standard quoted CLPHA Executive Director Sunia Zaterman in today's article "The Government Shutdown Could Decimate America's Subsidized Housing Programs." Of the partial government shutdown's impact on the housing market, Zaterman said, "Owners in many cities will be faced with financial disruption, foreclosure, or bankruptcy if they're not able to pay their mortgage or meet the other costs of the property... This really is going to ripple through the whole housing market system."

Zaterman added that the shutdown is likely to negatively impact landlords' perceptions of the HCV program and other federally funded rental assistance programs, observing that in light of the shutdown landlords may be discouraged from participating in the HCV program because now "[funding] is something an owner would have to calculate as a risk now that was previously not seen as a risk."

Read the Pacific Standard Article 

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