As a HUD-certified Housing Counseling Agency, we receive regular updates from the Department of Housing and Urban Development. Certainly, this latest may be of interest to readers of this blog:
Housing Affairs Letter EXCLUSIVE:
HUD’s months-long effort to change the way the Sec. 8 housing voucher program is managed has evolved into a 57-page legislative blueprint that could dramatically alter the program and attract a new generation of users.
HUD crafted the legislation, dubbed the Preservation, Enhancement, and Transformation of Rental Assistance of 2010 (PETRA), using $350 million the Obama administration wants taken out of the public housing capital budget in FY 2011. The administration justifies transfer of the money from public housing renovation funds (which are already short some $26 billion) by pointing to the infusion last year of more than $4 billion for improvements from the American Recovery & Reinvestment Act.
The legislative draft, obtained exclusively by Housing Affairs Letter, shows a major move to bring foreclosed homes and multifamily properties into the HUD fold as Sec. 8 properties.
The proposal would give HUD the authority to set uniform policies across all the department-funded rental-assistance programs, including Sec. 8. Tenants would be awarded a new right to move to a location of their choice anywhere in the nation as long as they stay in one place for two years.
For the rest of this in-depth exclusive story and many others about HUD and public housing, just click on or cut and paste the following link into your Web browser to get free access to Housing Affairs letter, our online, interactive, continually updated news service covering the latest in federal housing and budget developments-- since 1961!
http://www.cdpublications.com/d092
When you reach our site, just scroll down the page and check off Housing Affairs Letter. The date of this story is 5-14-10
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