HUD not to revise the operating subsidy formula for funding public housing that will cost NYC up to $166 million annually, and calling upon Congress to reject this change if imposed by HUD.

Resolution calling upon President George W. Bush and the federal Department of Housing and Urban Development (HUD) not to revise the operating subsidy formula for funding public housing that will cost New York City up to $166 million annually, and calls upon Congress to reject this change if imposed by HUD.