To: Nonprofit Housing Developer Executives, Title or Position (optional)
Salary Cap For Nonprofit Housing Developers
Due to sequestration budget cuts, we demand that all nonprofit and for profit so-called affordable housing developers freeze the rents on the poor. We also demand that the so-called affordable housing developers scale back all executive salaries above $125,000 annually, and impose a salary cap of $125,000 for all executives in organizations that have local and federal tax payer subsidized housing projects!
Why is this important?
The petition is about fairness in the federal subsidized housing programs that are being shredded by the massive sequestration budget cuts, and placing the poor, elderly, and disabled at risk of higher rent increases, the loss of their housing vouchers, and homelessness! Too many executives in so-called nonprofit housing organizations all across the nation make upwards of $200,000 to $300,000 a year, off of tax payer subsidized housing projects!