May 14, 2004

Section 8 Renewal Formula

A coalition of 13 housing and community development organizations, including NAHMA, signed a letter to all members of the House of Representatives asking them to support and cosponsor HR 4263. HR 4263 would restore the practice of renewing vouchers based a housing agency’s actual per unit costs in the prior quarter, adjusted by inflation for the intervening months. It also provides that this method be used for all renewals funded with FY 2004 money -thus undoing the retroactive cuts that HUD is now imposing. The bill was introduced by Rep. Barney Frank (D-MA). If you have not yet done so, please ask your congressman to cosponsor this important legislation.

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