March 20, 2013 2:40 PM

Housing Authority faces cuts in federal funding

The Housing Authority of Columbus will only receive 77 percent of its annual funding this year due to the federal sequester that went into effect March 1. The amount is the lowest percentage the housing authority has ever received in its 75-year history, according to Len Williams, the agency’s chief executive officer. The cuts could be harmful in the long run, Williams said, but for now the agency is in good financial condition.“We do have a healthy reserve right now,” he said. “So it should not affect our operations, at least through the next fiscal year.”

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