The Consortium for Citizens with Disabilities (CCD) has issued an important fact sheet on the Frank Melville Supportive Housing Investment Act of 2008 which will reform HUD’s Section 811 program. This is an important legislative initiative that “by enacting the Frank Melville Supportive Housing Investment Act of 2008, Congress can ensure that a reinvigorated Section 811 program is ready to create thousands of new permanent supportive housing units every year without needing to double or triple appropriation levels.” The fact sheet provides an excellent overview of the benefits of the Frank Melville Supportive Housing Investment Act of 2008.
To read our previous post on the Frank Melville Supportive Housing Investment Act of 2008 click here.
This is a summary from the CCD Fact Sheet.
H.R. 5772 will “fast-track” and sustain the creation of thousands of new permanent supportive housing units every year by:
Authorizing a new and innovative Section 811 Project Rental Assistance Contract (PRAC) Demonstration program to create thousands of new Section 811 units each year without substantially increasing Section 811 appropriations levels by leveraging new set-asides of supportive housing units in federal Low Income Housing Tax Credit (LIHTC) properties and HOME-funded projects. The PRAC Demonstration program will provide the essential rental subsidy to reduce rents to affordable levels for people receiving SSI in a small but significant percentage of the hundreds of thousands of units that are routinely created every year through the LIHTC and HOME programs administered by states and local jurisdictions.
Reforming the existing Section 811 production program to better leverage other capital funding and reduce barriers to “mixed-finance” Section 811 projects. These reforms will also increase the number of units created each year through the current 811 production program;