The Center for Budget and Policy Priorities has issued a new paper titled “Converting Funding of Some Public Housing Developments to Section 8 Subsidies Would Help Preserve Needed Units.”
Key findings from the report included:
- Added Resources Needed to Preserve Public Housing “” But Sufficient Up-Front Public Funds Are Unlikely to Materialize
- Proposed Section 8 Conversions Would Help Preserve Developments
- Revisions Needed to Expand Housing Choice and Protect Tenants
- The Proposed Demonstration Program Would Have Modest Costs and Allow Testing of Key Policies
- Other Preservation Measures Are Needed But Would Not Be Sufficient
NH&RA Legislative Leadership Committee and HOPE VI/Mixed-Finance Working group have been working closely with key decision makers at HUD and in the Congress to refine Transformation of Rental Assistance Proposal. Contact Thom Amdur at 202-939-1753 or tamdur@housingonline.com for details.
