The Buzz: HUD proposes transforming rental assistance
Date Published: 06/01/2010
Author: Buzz Roberts, LISC Senior Vice President
from the June 2010 issue of Novogradac Journal of Tax Credit Housing.
The U.S. Department of Housing and Urban Development (HUD) has sent to Congress a detailed draft of its plan for Transforming Rental Assistance (TRA). HUD had sketched out the concept in its budget proposal in February, but its new submission to Congress provides more detail and reflects significant stakeholder input. Additional refinements are likely if Congress agrees to enact the plan. The initial cost for Fiscal Year 2011 would be $350 million.
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This article first appeared in the June 2010 issue of the Novogradac Journal of Tax Credit Housing and is reproduced here with
the permission of Novogradac & Company LLP.
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Topics: Housing, --Affordable Housing Finance & Development, Policy, --Housing
Type: Trade Article