Sec. 2. Findings and purpose
376 words·~2 min read·
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Congress finds the following: Although small public housing agencies are numerous, they administer only a small fraction of the financial resources provided under the Federal housing programs. The oversight of small public housing agencies by the Department of Housing and Urban Development is disproportionate to the financial risk the operations of these agencies pose to the Federal Government. Small public housing agencies perform better than larger agencies, as public housing agency performance is presently measured by the Federal Government.
The Department of Housing and Urban Development should deploy its administrative oversight resources in a manner that reflects relative risk to the Federal Government. Regulatory and administrative burdens that may be reasonable for larger public housing agencies may not be so for smaller public housing agencies with more limited resources. Eliminating unnecessary or unreasonable regulatory and administrative burdens will improve the effectiveness of small public housing agencies as providers of housing assistance to low-income families.
Small public housing agencies and their residents would benefit from, and small public housing agencies should be afforded, maximum flexibility in the use of their resources. Congress and the Department of Housing and Urban Development should reduce administrative and regulatory burdens on small public housing agencies. Public housing revitalization funding has been largely unavailable to small public housing agencies. Congress should establish a program of assistance to enable public housing revitalization activities by small public housing agencies.
Small public housing agencies and their residents would benefit from conversion of their public housing projects to projects assisted with project-based section 8 rental assistance. The purposes of this Act are— to assure the long-term viability and effectiveness of the small public housing agencies and the housing assistance programs they operate; to ensure that small public housing agencies are not subject to unnecessary Federal regulatory control and administrative requirements; to afford flexibility to small public housing agencies in the use of their resources; to adjust Federal oversight requirements for small public housing agencies to better reflect financial risk to the Federal Government and the relative resources of such agencies; to explore innovative approaches to simplifying determination of income and tenant rents; and to ensure that small public housing agencies have access to the resources necessary for the modernization and revitalization of their public housing stock.