Section Eight Savings Act of 2011
On Thursday, October 6, 2011, the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity released a second draft of its Section 8 Voucher Reform proposals, known as the Section Eight Savings Act of 2011 (SESA). Congressman Scott Garrett from NJ is a member of this committee. The new iteration of the legislation included some changes to the first draft.
Specifically, the legislation allows public housing agencies to increase minimum rents, which are currently capped at $50 a month. The Subcommittee hearing on the second draft of SESA is scheduled for this Thursday, October 13, 2011. Click here for hearing details.
In addition, like SEVRA, SESA extends project-based voucher contracts to be extended an additional five years, up to 20 years; however, SESA does not make any additional changes to budget authorities or areas that can be authorized for PBVs.
Reform of the Housing Choice Voucher program for the first time in ten years will help the program continue to provide affordable housing to millions of households, while using federal resources more efficiently.
For more information on Section 8 Voucher reform, click here.
Click here for the National Alliance to End Homelessness’ Comparison of Section 8 Voucher Reform Proposals