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INDUSTRY GROUPS ASK SENATE TO INCREASE SECTION 8 FUNDING LEVELS

Monday, March 28, 2011 - 1:15AM

Ten rental housing industry organizations sent a letter earlier this month encouraging the Senate to appropriate adequate funding to ensure that residents living in project-based Section 8 and Section 521 communities are not displaced. In the letter and corresponding factsheet the groups write that current funding proposals for fiscal year 2011 under H.R. 1 are not sufficient to honor the government’s existing contractual obligations under these programs. The groups warn that underfunding these programs will have a negative impact on residents and affordable rental housing stock.

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