Report by Senate Budget Committee Republicans Calls Federal Housing Assistance Approach ‘Overly Complex’

Thursday, October 22, 2020 - 3:00pm

The Senate Budget Committee today released a majority staff report that labels the federal government’s approach to housing assistance “overly complex” and calls on Congress to take steps to improve the system. “Housing Programs: The Need for One Roof,” calls for programs to merge and simplify, citing public housing, housing choice vouchers and Section 8 project-based rental assistance as being duplicative. The report also says the low-income housing tax credit (LIHTC) overlaps other housing programs. Among the report’s conclusions is that the U.S. Department of Housing and Urban Development (HUD) “is the most logical agency to house these programs” and that Congress should undertake a bipartisan review and reforms to create a modern housing assistance program.

Housing programs and their interaction will be discussed at the Novogradac 2020 Tax Credit Housing Finance Virtual Conference, Dec. 3-4.