A bill to delegate the Primary Responsibility for the Preservation and Expansion of Affordable Low-Income Housing to States and Localities.
Directs the Secretary to carry out a multifamily risk-sharing mortgage insurance program.
Authorizes appropriations.
Title II: Section 8 Voucher Success Demonstration - Directs the Secretary to establish a voucher success demonstration to increase the section 8 voucher payment standard in order to assist low-and very low-income families in tight rental markets.
Title III: Preservation of Low-Income Housing and Miscellaneous Provisions - Amends the United States Housing Act to increase amounts available for section 8 project-based assistance.
Authorizes the Secretary to contract for project-based assistance for Department of Housing and Urban Development owned or held multifamily properties that are no longer feasible for continued section 8 rental assistance.
Amends the Housing and Community Development Act of 1992 to make permanent certain multifamily mortgage credit demonstrations.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S8417-8418)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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