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Press RoomNAHRO
Analysis Examines Effects of Funding Change to Section 8 Housing Choice
Voucher Program; Budget-Based Renewal Policy Leaves Agencies with $93
Million Shortfall Contact: Liz Hennessy, 202-289-3500 ext. 280 or lhennessy@nahro.org WASHINGTON, Oct. 11 - NAHRO analysis of FY 2004 changes in federal funding for the renewal of the Section 8 Housing Choice Voucher (HCV) program indicates that nearly 500 housing agencies nationwide will be left with a shortfall of as much as $93 million for this year. The shortfall is estimated to affect housing assistance for 52,000 families. The HCV program helps nearly 2 million American families find affordable housing on the private market. In April 2004, almost three months after the program's FY 2004 funding bill was signed into law, the Department of Housing and Urban Development (HUD) issued a notice implementing a new method of funding the program capping Housing Assistance Payment (HAP) costs as of August 2003, adjusted for inflation, in place of the previous method that was based on the actual cost of housing assistance for Section 8 voucher-holders. To address funding needs caused by the new policy, HUD issued two replenishments to housing authority budgets: $150 million in May, and $157 million in late August. NAHRO's analysis includes these replenishments and demonstrates that HUD's budget-based renewal formula policy distributed limited Section 8 funding inefficiently. The analysis also shows that the change in policy could leave low-income families at risk of losing some or all of their housing assistance. In June, NAHRO surveyed agencies whose budgets were cut because of
the changes in the renewal policy. At that time, agencies had already
implemented cuts in their programs. This analysis finds that after the
two funding replenishments no change in the percentage of agencies making
program cuts has occurred. Actions taken have included:
NAHRO's full analysis, including a state-by-state breakdown of agencies
affected, is available on the Web at http://www.nahro.org/pressroom/2004/200410renewalstudy.pdf.
Contact Liz Hennessy for more information.
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