Wake County Housing Authority Can't Pay Rent!?

[Jonathan Taylor Smith]

So much for "Guaranteed Rent" by accepting Section 8 Vouchers... I'm still awaiting receipt of November's rent from Wake County Housing Authority for a property in Raleigh, NC - that I manage on behalf of a client, who I aided in buying the property as his Realtor. After multiple calls and emails about the matter (even involving the local HUD office), I finally get a response that says "Unfortunately, HACW is experiencing a temporary shortfall of funding and will be unable to pay the HAP amount for this month..." (HACW being "Housing Authority County Wake"; and HAP being "Housing Assistance Program"). The concept of the Housing Authority running out of money never even occurred to me! One of the main benefits of participating in the Section 8 program is knowing that the rent will be paid each month (or at least the Housing Authority portion of it) - Now that's gone.