Project Based Section 8 voucher payments (NYCHA/NYC HPD) 13 days late

Posted by nobodiesfaultbutmine@reddit | PrepperIntel | View on Reddit | 32 comments

I work in multi family asset/property management in NYC, two of our projects have substantial project-based section 8 allocations. Federal voucher rental assistance payments in those two deals in NYC (one administered by NYCHA (NYC Housing Authority), one by NYC HPD (Housing Preservation and Development), both funded by HUD) are now 13 days late. Never once in memory has payment ever been more than 2 or 3 days late. Heard about news reports of this happening all over but have not seen the reporting myself.