Federal Freeze On Rent Vouchers Taxes Vha; Hud Cuts $214,000 in Agency Funds
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Summary
A freeze on federal spending on housing vouchers has the Vancouver Housing Authority digging into reserves and wondering about the future.
The agency administers nearly 2,000 Section 8 rent vouchers for low-income Clark County households. Renters pay 30 percent of their income to private landlords, and the vouchers make up the difference. Approximately 800 local landlords participate in the program, which pumps an estimated $10 million into the local economy.See the full content of this document
Extract
Federal Freeze On Rent Vouchers Taxes Vha; Hud Cuts $214,000 in Agency Funds
But the U.S. Department of Housing and Urban Development has long complained about volatility in rental market rates and skyrocketing program costs, and in April it announced a new way of doing business.
HUD will no longer pay the whole cost of housing v...See the full content of this document
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