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Obama Signs Bill to Modify Housing Programs

Monday, August 1, 2016 - 9:00AM

President Barack Obama signed the Housing Opportunity through Modernization Act of 2016 (H.R. 3700) into law July 29. The bill was previously passed unanimously by the House and Senate. H.R. 3700 streamlines Housing Choice Voucher program requirements, increases the number of vouchers an agency has that can be project-based, permits a greater percentage of units in certain properties that can have project-based vouchers, allows Section 8 project-based housing choice voucher contract terms to be extended from 15 to 20 years, places a limitation on public housing tenancy for over-income families and protects Section 8 housing choice voucher holders from displacement due to fair-market rent fluctuations. The Section 8 and public housing assistance provisions of the bill will go into effect upon issuance of notice or regulations by the U.S. Department of Housing and Urban Development (HUD) secretary.

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