Rent Plan to Significantly Raise Rent for Households Dependent on Rental Assistance
President Trump and House Financial Services Housing and Insurance Subcommittee Vice Chairman Dennis Ross propose a rent plan that will significantly raise the rents of low-income individuals who receive federal rental assistance.
Although their plans differ slightly, both plans have the potential to greatly affect low-income renters in the United States.
- Trump’s rent plan requires specific rent increases for almost all U.S. Department of Housing and Urban Development (HUD) rental assistance recipients.
- It would raise rents by $3.2 billion a year once completely phased in.
- Ross’ rent plan would allow state and local housing agencies to decide on rent increases and is largely limited to the Housing Choice Vouchers program and public housing.
- Once it is phased in, it could allow increases of up to $4.9 billion annually.
- Those most affected by the rent increases would be working-poor families with children, people with disabilities, and seniors. This would put some of our nation’s most vulnerable renters at risk of eviction and homelessness.
In addition, both plans would make it extremely difficult for HUD to maintain oversight. Trump’s plan provides flexibility to state and local agencies as well as private owners of housing subsidized through other programs. Ross’ bill similarly gives state and local agencies the power to set their own rules.
With this new power, local rent rules could create barriers to voucher holders who want to move to high-opportunity areas. New rules and obligations may confuse low-income families to understand their rent obligations in different communities and decide where is best for them to live.
- Not only would rent be increased for low-income residents, but rental assistance funding could also be cut.
- Trump’s 2019 budget proposed to cut rental assistance funding by more than $6 billion below the 2018 funding level.
- Trump’s plan and the Ross bill could lay the groundwork for additional funding cuts.
If you are concerned about these harmful changes, please join us for the 2018 Congressional Reception.
On July 25th, a Congressional Reception will be held at the Dirksen Senate Auditorium in Washington D.C. This event will allow New Jersey Residents who are working poor, below the poverty line and or impacted by homelessness to urge their elected officials in Washington to make No Cuts to Housing and remind them that Opportunity Starts at Home.
Register today to attend the Congressional Reception.
Click here for more information about the Congressional Reception. You can also follow @OppStartsatHome in order to learn more about the National Low Income Housing Coalition’s Opportunity Starts at Home Campaign. Follow the event with these hashtags #NJHillDay #NoHousingCuts and @OppStartsatHome.