Reserves built up by the Hampton Redevelopment and Housing Authority will likely stave off any real impacts from sequestration to residents in need of housing vouchers for at least a few months.
Director Ronald Jackson believes any issues associated with cuts in federal spending because of sequestration would take about three to four months to be felt by Hampton residents who rely on such programs.
“We typically carry about 3-4 months operating reserves for both our Public Housing and Section 8 programs, “ wrote Jackson in a response to my questions about federal housing programs. “Even with that, we’d enact a couple of measures to reduce operating costs ...”
Over the long term though, the authority would need to defer maintenance and delay capital improvement projects.
“I would say that in the short-term we will be able to maintain our current level of service in all of the programs that we receive federal funding,” he wrote. “The situation gets a lot more precarious once we start getting into the 5-8 month range without a federal budget agreement.”
Whether Congress will reach a deal is still yet to be seen. If that deadline is reached, it will be felt by the rich and poor, civilians and military alike.