Magazine article Journal of Property Management

Section 8 Voucher Program Hurting

Magazine article Journal of Property Management

Section 8 Voucher Program Hurting

Article excerpt

The Institute, in coalition with other housing groups, has been working with Congress to ensure voucher funding for FY05 does not cause the shortfalls and budget problems the program has faced since April, when HUD announced it would no longer reimburse local housing authorities based on actual current voucher costs. Instead, HUD is now issuing payments based on the cost of vouchers under lease on August 1, 2003, adjusted for inflation. Many housing authorities leased up at much higher levels subsequent to that date and/or had substantial changes in rent levels. Based on the HUD notice, housing authorities across the country have had to terminate residents from the program, dramatically cut rents or otherwise cover funding shortfalls. The coalition has worked to increase Section 8 funding for FY05. While this resolved the funding gap, the legislative language references using budget-based funding instead of unit-based. The coalition fears this will result in a replay of this year's crisis and is working to get this language clarified or removed. …

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