The bill would authorize $2 billion for additional tenant-based rental voucher assistance. Each year, the Housing Secretary would distribute assistance among eligible public housing agencies, considering local population, housing affordability needs, and past funding shortfalls linked to population growth. Eligible agencies must serve an area with more than 100,000 people that was among the 25 areas with the highest population growth from 2012 to 2022.
People seeking rental assistance in eligible areas could be served by agencies receiving additional vouchers. The bill does not specify how many vouchers each agency would receive.
The bill authorizes $2 billion for fiscal year 2025. The funds would be available for renewals in later fiscal years until spent.
No publicly available information.
No publicly available information.