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Family fears federal housing cuts could jeopardize their Missouri home

Family fears federal housing cuts could jeopardize their Missouri home

Yahoo06-03-2025

Calvin Bentley still recalls how he felt when he finally moved his wife and 7-year-old son into a public housing development in Kansas City, Missouri: 'Liberated.'
His family's arrival at West Bluff Townhomes downtown followed nights in sketchy hotel rooms and a struggle by he and his wife, Symone, to pull together first and last month's rent each time they had to move.
'We were going from place to place, paying monthly leases and weekly payments just to be able to have a roof over our head,' he said.
But now the Bentleys find themselves fearing that cuts in Washington could threaten the only stable home they have had in months as Elon Musk's Department of Government Efficiency eyes the Department of Housing and Urban Development for significant cuts in its effort to downsize the federal government.
Housing advocates and local housing officials say DOGE could reduce the agency's staff by as much as 50%, leaving the 4 million low-income American families, like the Bentleys, who rely on federal funding to keep a roof over their heads, worried about how that could affect their lives.
Their effort to get a spot in public housing was not easy, Symone Bentley said.
'We spent many, many nights crying, praying,' she said recently.
Symone and Calvin Bentley fear they could end up back where they started, scraping together money doing Door Dash and Amazon deliveries late into the night to pay for basic necessities.
'Let's just be real, if you really don't have much housing, you probably don't have much money to eat either,' Calvin Bentley said. 'And if you were driving, you probably don't have money for gas either.'
He called it a 'domino effect' of financial instability.
Edwin Lowndes, director of the Kansas City Housing Authority, said he agrees with Musk and President Donald Trump that inefficiencies in government 'need to be fixed.' But he fears the 'chainsaw' approach embraced by Musk is not the best way to do it.
Instead, he wants HUD's leadership to define its mission and then ask, 'What's the most efficient and effective way to accomplish the objective?'
'I think every single business does that," he said. "So we should do that in our federal programs, as well.'
Lowndes' office uses federal money from HUD to pay landlords through housing vouchers for more than 8,000 families in Kansas City that would otherwise likely be homeless. Another 25,000 families are on a waiting list.
The Department of Housing and Urban Development had about 8,800 staff members nationwide at the beginning of the year and has already laid off hundreds of employees, according to two HUD sources. The agency has not said how many employees have been fired since DOGE was created in January.
But a document obtained by NBC News shows future possible cuts of HUD staff by as much as 50% across the agency, including in the unit that handles rental assistance, which could shrink from 1,529 staffers to 765 by mid-May, according to the document.
A source familiar with discussions about staff cuts told NBC News that 'conversations are ongoing as the Department explores consolidation while continuing to prioritize service.'
The department is inventorying personnel and programs to ensure 'they are working for the American people and delivering the best results,' it said in a statement.
'HUD serves our most vulnerable and will continue to do so in the most efficient and effective way possible,' the department said.
Lowndes said he fears that looming staff cuts in Washington and in regional HUD offices will disrupt funds he uses to pay landlords. But he remains optimistic.
'The practical side of me says in the pragmatic side, 'Congress won't allow that to happen, whether it's Democrat or Republican,'' he said. 'I think when they really get down to looking at what they need to do, there are enough voices on both sides to say this is a program that, while it has inefficiencies, it's needed. We cannot just walk away.'
For Calvin Bentley, the fear that his new home could be jeopardized is real given that he and his family now feel safe. He says he wishes more people could get the help they received.
'It literally shows that there are programs to help people who just need, just a little, just need a leg up there,' he said. 'There is hope.'
This article was originally published on NBCNews.com

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New crime novels feature a locked-room mystery, a Scarborough stabbing and a Jan. 6 insurrectionist
New crime novels feature a locked-room mystery, a Scarborough stabbing and a Jan. 6 insurrectionist

Hamilton Spectator

timean hour ago

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New crime novels feature a locked-room mystery, a Scarborough stabbing and a Jan. 6 insurrectionist

It's a weird time in American politics, which means it's a perfect time for Florida novelist Carl Hiaasen to plumb the satirical depths of corruption and malfeasance in his home state. His last novel, 2020's 'Squeeze Me,' suffered from a subplot that attempted to satirize the once-and-current occupant of the White House, a Falstaffian spray-tanned figure so outrageous as to be almost impervious to satire. For 'Fever Beach,' Hiaasen wisely steers clear of POTUS and his inept administration, preferring instead to focus on wanton corruption at a lower level. 'Fever Beach,' by Carl Hiaasen, Alfred A. Knopf, $34.99. The new novel begins with a meet-cute on an airplane between Twilly Spree and Viva Morales. Twilly is a stock Hiaasen character: an independently wealthy Florida do-gooder who spends his time making life miserable for folks who litter, antagonize the local wildlife or otherwise cause environmental or social havoc. 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After a two-decade absence, Miss Maple, Othello, Mopple the Whale, and the other woolly sleuths are back on the case, this time on behalf of their new herder, Rebecca, the daughter of the early book's victim. 'Big Bad Wool,' by Leonie Swann, Soho Crime, $38.95. Rebecca, her intrusive Mum, and the sheep are overwintering in the lee of a French chateau where there are rumours of a marauding Garou — a werewolf — that is responsible for mutilating deer in the nearby woods. Among other strange occurrences, Rebecca's red clothing is found torn to pieces and some sheep go missing — and soon enough there's a dead human for the flock, in the uncomfortable company of a group of local goats, to deal with. 'Big Bad Wool' is a charming romp, whose pleasure comes largely from the ironic distance between the sheep's understanding of the world and that of the people who surround them. ('The humans in the stories did plenty of ridiculous things. Spring cleaning, revenge and diets.') 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Unpacking rumor that Trump is sending out $5K stimulus checks
Unpacking rumor that Trump is sending out $5K stimulus checks

Yahoo

timean hour ago

  • Yahoo

Unpacking rumor that Trump is sending out $5K stimulus checks

According to a rumor that spread online in late May and early June 2025, U.S. President Donald Trump would be sending out $5,000 "stimulus" checks to Americans after his administration uncovered billions of dollars in "wasted money." The viral rumor likely stems from an investment firm CEO's proposal to send some taxpayers so-called "DOGE Dividend" checks. The original proposal for $5,000 checks was based on the assumption that DOGE would achieve $2 trillion in total savings, which is highly unlikely. Trump has previously floated the idea of a "DOGE Dividend," but there was no proof at the time of this writing that he would send $5,000 checks to Americans. Snopes reached out to the White House for clarity but has not received a response. In late May and early June 2025, a rumor on TikTok (archived) claimed that U.S. President Donald Trump was reportedly sending out $5,000 "stimulus" checks to Americans after his administration uncovered $50 billion in "wasted money." "Trump is going to be sending out five grand to everybody and this is because they uncovered $50 billion … of just wasted money," the TikTok video's narrator said. @todaynews919 #fyp #foryou #new #news ♬ original sound - todaynews919 The video's narrator later said the cost-cutting Department of Government Efficiency initiative allegedly proposed sending money it had "recovered" to the American people. The initiative, spearheaded by tech billionaire Elon Musk before his departure, works to slash government spending through layoffs and cuts to various federal programs. Though Trump has previously floated the idea of a "DOGE Dividend," there was no proof at the time of this writing that he would send $5,000 checks to Americans. Snopes reached out to the White House to ask if the president has any plans to send such checks and is awaiting a response. Since we were not able to definitively prove or disprove this rumor, we have not put a rating on this claim. The viral rumor likely stems from a proposal to send some taxpayers "DOGE Dividend" checks. Trump previously said he would consider such a plan, but his administration has not confirmed that it's sending any checks. The idea for DOGE Dividend checks was originally proposed by James Fishback, the founder and CEO of the investment firm Azoria Partners, in an X post (archived) shared on Feb. 18, 2025: Fishback's post also included a more in-depth proposal based on the assumption that DOGE would achieve $2 trillion in total savings. He suggested that the federal government take 20% of DOGE's presumed savings, or about $400 billion, and return it to approximately 79 million taxpaying households in the form of $5,000 tax refund checks called the DOGE Dividend. Under Fishback's plan, the government would send checks only to "households that will be net payers of federal income tax," meaning those that pay more money in taxes than they get back in tax credits or refunds. That means American households that do not owe federal income tax would not qualify for the proposed payments. In 2025, an estimated 40% of U.S. households will pay no federal individual income tax, according to the Urban-Brookings Tax Policy Center. Most of these households have lower incomes, with about 70% earning less than $75,000 and about 45% earning less than $40,000, the Tax Policy Center estimates. On the same day that Fishback shared his proposal for the $5,000 checks, Musk replied (archived), "Will check with the president." Trump quickly acknowledged the idea as he delivered remarks during a Saudi investors conference in Miami on Feb. 19, 2025. "There's even under consideration a new concept where we give 20% of the DOGE savings to American citizens and 20% goes to paying down debt, because the numbers are incredible, Elon," Trump said at the conference. A reporter also asked Trump about the plan as he flew back to Washington, D.C., aboard Air Force One that day. He said: I love it. A 20% dividend, so to speak, for the money that we're saving by going after the waste and fraud and abuse and all the other things that are happening, I think it's a great idea. The dividend checks would also give taxpayers "an incentive … to go out and report things to use when we can save money," Trump added. Several weeks later, Fishback spoke further about his proposal during a March 2025 podcast appearance. He said if DOGE didn't hit the $2 trillion in projected savings, the amount of money in the dividend checks should be adjusted. "This plan is not predestined to the $5,000 number. If the savings come in above or below that, the check will be reflected accordingly," Fishback said. "So again, if the savings are $1 trillion — which I think is awfully low — the check goes from $5,000 to $2,500." At a town hall in Wisconsin on March 30, 2025, Musk fielded questions about the proposal, ultimately putting the responsibility of approving tax refund checks on Congress and Trump. "It's somewhat up to the Congress and maybe the president … as to whether specific checks are cut," Musk said in response. A search of did not return any results for legislation proposing "DOGE Dividend" tax refund checks. Snopes also could not find any record of Trump sharing additional details about a plan for such checks since February 2025, and we are still awaiting a response from the White House. It's still unclear how much money DOGE might ultimately save. Musk said in October 2024 that he expected to cut "at least $2 trillion" but he later lowered that estimate to $1 trillion. However, both of those estimates were "wildly unrealistic," PolitiFact reported in June 2025. As of June 6, 2025, DOGE's online "wall of receipts" touted an estimated $180 billion in cuts, but analyses by PolitiFact (here and here) and The New York Times found that the online ledger was riddled with errors. X. Accessed 6 June 2025. "Who Will Pay No Federal Individual Income Tax in 2025?" Tax Policy Center, 4 June 2025, Accessed 6 June 2025. X. Accessed 6 June 2025. Palm Beach Post. "Full Donald Trump Speech at Miami FII Investment Summit Hosted by Saudi Public Investment Fund." YouTube, 19 Feb. 2025, Accessed 6 June 2025. 2025, Accessed 6 June 2025. David Lin. "Will You Get a $5,000 Check? "Doge Dividend" Explained | James Fishback." YouTube, 12 Mar. 2025, Accessed 6 June 2025. FOX 9 Minneapolis-St. Paul. "LIVE | Elon Musk Holds Town Hall in Wisconsin." YouTube, 30 Mar. 2025, Accessed 6 June 2025. "Legislative Search Results." 2025, Accessed 6 June 2025. WFAA. "Elon Musk Full Speech at Trump Rally in Madison Square Garden (Oct. 27, 2024)." YouTube, 27 Oct. 2024, Accessed 15 Nov. 2024. X. Accessed 6 June 2025. Clarke, Amelia. "Yes, Musk Said He'd Ask Trump about $5K Checks for US Taxpayers Funded by DOGE Savings." Snopes, 21 Feb. 2025, Czopek, Madison, and Amy Sherman. "Trump and Musk Public Bickering Raises More DOGE Uncertainty." @Politifact, 5 June 2025, Accessed 6 June 2025. DOGE. "DOGE: Department of Government Efficiency." DOGE: Department of Government Efficiency, 2025, Accessed 6 June 2025. McCullough, Caleb. "Where Do DOGE's Reported Savings Come From?" @Politifact, 21 Feb. 2025, Fahrenthold, David A, and Jeremy Singer-Vine. "DOGE Is Far Short of Its Goal, and Still Overstating Its Progress." The New York Times, 13 Apr. 2025, Accessed 6 June 2025.

How Much the Average Homeowner Has in Savings vs. the Average Renter
How Much the Average Homeowner Has in Savings vs. the Average Renter

Yahoo

timean hour ago

  • Yahoo

How Much the Average Homeowner Has in Savings vs. the Average Renter

Housing is the largest expense for the average American consumer. The more people have to spend on housing, the less money they have available to invest, save, or spend in other categories. But does owning your home instead of renting affect how much you have in your savings account? And is it the best financial decision for you right now? Check Out: Try This: The Federal Reserve's most recent Survey of Consumer Finances suggests the answer is yes. Here's how the average renter's savings compares to those of the average homeowner. The Survey of Consumer Finances data goes back to 1989, and since then, homeowners have always had more in savings than renters, on average. However, the gap between homeowners' and renters' savings has been growing. For example, in 1995, on average, homeowners had around twice as much saved as renters. Now, homeowners have five times more in savings than the average renter. Up Next: The most recent national data estimates that the average renter had $16,930 in savings. That includes all money in savings, checking, emergency funds and money market accounts. Though rent amounts will vary greatly depending on your location and size of your space, the current national average rent in the United States ranges from about $1,625 to $2,100 per month, which is a 1.1% increase compared to last year. By comparison, the average homeowner had $85,430 in savings, which is nearly $70,000 more than the average renter. That's a big difference when it comes to what you're able to allocate for emergency savings and retirement accounts. However, buying a home is not an option for the average savings, as the national average house price in the U.S. for Q1 2025 is $503,800, whereas the median sales price in the same period was $416,900, Perhaps counterintuitively, renting is often less expensive than owning a home. In the largest 50 metropolitan areas in the U.S., the median cost of renting is currently $1,398. This figure has been trending modestly downward since the second half of 2022, and represents the middle ground, with half of rents being higher and half lower, so it is quite subject to fluctuations. The median home price is currently $416,900, and the average mortgage rate is 6.97%, per the Fed. With a 20% down payment and a 30-year fixed-rate mortgage, your monthly mortgage payment likely ranges from $2,167 to $2,715, excluding taxes and insurance. High interest rates are likely driving most of the higher costs of homeownership. If mortgage rates go down as expected, monthly mortgage payments will decrease. However, despite the higher costs, homeowners still save more than renters. So why is there such a big difference between how much renters save and how much homeowners do? One explanation is that rental prices continually increase while the cost of owning a home stays relatively stable after the purchase. Say you buy a new home with a 30-year fixed-rate mortgage. Your monthly housing costs will be stable for the 30 years of the loan. After you've paid off your mortgage, you'll have to pay only taxes, insurance and maintenance. Unexpected maintenance costs, such as roof damage or broken pipes, can eat into a homeowner's savings, whereas renters don't have to pay for these costs out of pocket since they're the landlord's responsibility. However, renters do have to cover rising rental rates nearly every year. Since 2019, rent prices have increased by around 19% nationwide. Rising rent prices can take up larger and larger chunks of renters' budgets. As their housing costs increase, they have less money to put toward savings and other financial goals. By comparison, homeowners have more of their income to put into savings after paying off their mortgages. The bottom line is that if you're a renter hoping to put more in your bank account, you should try these money-saving strategies: Pay off debt with high interest rates: High-interest debt can prevent you from building your savings. Start by paying off any loans with high interest rates, like credit card debt. Live with a roommate: Splitting your housing costs with a roommate will give you extra money each month to put toward savings. Renegotiate with your landlord: When your lease is up and it's time to sign a new one, negotiate your monthly payment. If your landlord charges more than the market rate, it may be worth moving to a more affordable home. Finally, remember to put at least some of your savings into a high-yield savings account so you can grow your money. Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard How Much Money Is Needed To Be Considered Middle Class in Every State? 10 Unreliable SUVs To Stay Away From Buying This article originally appeared on How Much the Average Homeowner Has in Savings vs. the Average Renter Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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