Metro

City housing will lose $35M after Trump’s federal aid cuts

The city’s public housing authority is expected to lose at least $35 million in federal aid this year — and possibly even more — as a result of President Trump’s funding cuts, officials told The Post.

NYCHA, which is the single biggest block of affordable housing in the country, is currently slated to see the largest decrease in funding since 2012 now that Trump is in office, according to the agency.

Sources told the Wall Street Journal that after speaking with federal housing officials, they believe the cuts could wind up being even greater — somewhere as high as $150 million.

“The direction we’re moving in is one where public housing is drastically different or doesn’t exist,” explained Shola Olatoye, NYCHA chief executive officer.

“The progress we have made over the course of the last three years — it’s not that it’s at risk. It evaporates,” she said.

More than 400,000 people are believed to be housed by NYCHA and about $2 billion of its $3.2 billion budget comes from the U.S. Department of Housing and Urban Development, or HUD.

City officials have been bracing for significant funding cuts since Trump was elected in November.

On Feb. 26, NYCHA reportedly received a letter from HUD informing them that their aid would be decreased by 5% — higher than the 3% decrease they had been hoping for.

The agency has already seen an additional $7.7 million in cuts to federal Section 8 programs from HUD, the WSJ reports.

After their aid was slashed, NYCHA ended 2016 with an operating surplus of $21 million and $14 million in debt.