Dgn Towers at 705 SW 88th Ave. in Pembroke Pines has 94 government-subsidized units for rent. If the partial government shutdown continues, its contract with the U.S. Department of Housing and Urban Development is slated to expire Jan. 31, although the department has said it’s working to renew contracts and keep subsidies going through February. Photo: J. Albert Diaz
When it comes to real estate, the longest federal government shutdown could have impacts sparing neither low-income wage earners who rely on subsidies to keep their homes nor well-heeled property investors.
At least three South Florida apartment complexes with a combined 208 households depending on federal subsidies already have expired contracts with the Department of Housing and Urban Development, according to affordable housing advocacy and education group National Low Income Housing Coalition. Contracts at another five complexes expire by month’s end.
