On December 9, the House Financial Services Committee approved the “Housing Opportunities Through Modernization Act of 2015,” which encourages common sense reforms to HUD’s Section 8 Housing Choice Voucher Program. The bill would also extend the contract term for project based vouchers from 15 to 20 years. Specifically, the legislation would streamline the Section 8 voucher program’s property inspection process by allowing immediate occupancy if the apartment home has been inspected within the past 24 months. This would reduce the length of time an apartment is vacant and limit move-in delays for residents.
NMHC/NAA urged members of the Committee to support this vital reform bill. We also joined with a coalition of real estate groups
in advocating for the legislation’s support. Next, the Senate and
full House will need to consider the legislation. But timing is currently
uncertain with Congress winding down for the year.
Funded by HUD and administered by local public housing authorities, the Section 8 voucher program has long served as America’s primary method of rental assistance. Two million very or extremely low-income families are housed in the private market annually through the Section 8 Housing Choice Voucher Program.