Earlier this month, ten rental housing industry organizations sent a letter encouraging the Senate to include sufficient funding to meet project-based Section 8 rental assistance contractual obligations for both HUD and the Rural Housing Service and ensure that those living in this housing are not displaced. In the letter, the groups write that current funding proposals for fiscal year 2011 under H.R. 1 are not sufficient to honor the government’s existing contractual obligations under these programs. The groups warn that underfunding these programs will have a negative impact on residents and affordable rental housing stock. Read More…