H.R. 2654 · 109th Congress

To provide for renewal of project-based assisted housing contracts at reimbursement levels that are sufficient to sustain operations, and for other purposes.

Stage
In committee
Introduced
2005-05-26
Latest action
2005-06-17 · Referred to the Subcommittee on Housing and Community Opportunity.

Summary

Amends the Multifamily Assisted Housing Reform and Affordability Act of 1997 to revise the (rental) reimbursement levels for expiring project-based section 8 contracts. (Eliminates the existing reimbursement based upon the lesser of adjusted existing, fair market, or market rents for expiring moderate rehabilitation project contracts.)