This bill adds a new requirement to Section 8(o) of the United States Housing Act of 1937. At the end of each fiscal year, the Secretary of Housing and Urban Development must recapture any amounts given to a public housing agency (PHA) for tenant-based assistance that the PHA did not obligate during that fiscal year. The recapture does not include administrative fees or amounts provided under subsection (q). HUD must then provide the recaptured amounts to PHAs that used all of the amounts provided to them for tenant-based assistance.
If you work for or run a public housing agency: HUD will take back unspent tenant-based assistance funds at the end of each fiscal year (excluding administrative fees and subsection (q) amounts). PHAs that fully used their tenant-based assistance could receive those recaptured funds.
If you are a housing voucher tenant: The bill text does not change voucher terms or eligibility. No publicly available information about direct effects on individual voucher holders.
No publicly available information on budgetary costs, savings, or other fiscal effects is included in the bill text or provided metadata.
No publicly available information.
No publicly available information.