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DOCURENT BESONE
i6276 - F81746328]
Elimination of the Bent Credit Feature of the Sectic 8 1xistinq
Housing Program. CED-78-117; B-171630. Bay 10, 1976. 8 °. +
enclosures (2 pp.).
Report to Patricia R. Harris, Secretary, DepArtment of Housing
and Urban Development; by Henry Eschwegc, Di.cector, Commusity
and Economic Development Div.
Issue Area: Domestic housing and Commurity Development: Housing
for Low aiid Moderate Income Families 12101).
Contat: Cosmunity and Economic Develcpment Div.
B~udqet Function: Income Security: Public Assistance and Cther
Income Supplements (604).
Conqressiona-. Relevance: House Committee cn Bankinq, Finance and
Urban Affairs; Senate Committee cr Barking, Housing and
Urban Affairs.
Authority: Housing ani Community Development Act of 1974. United
States Housir.q Act of 1937.
The Department of Housing and Urtan rvelcjaent (HUD)
recently completed a nationwide study of the Svcticn 8 Bcssing
Assistahce Program and is now considering the rent reducti-an
incentive feature of the program. This feature was estaklished
to encour.qe participating families tc find horsing units at the
.Lowest possible rent and to reduce kederal sutsidies by cffering
a reduction in the family's contributicn when it selects rentals
below HUD's limits. However, rather than orirati.ng as am
incentive to encourage families tc sblp fez less expensive
housinq, only a few tamilies receiving the rent credit have
actually alterzd their housing choice becaue of it. families
were unable to make selections because most communities
experienced low vacancy rates and relatively 1cv prcgram rental
limits. The estimated cost to HUD for the rent credit feature is
about t14.4 million annually and could increase to akout $33.1
million annually when all housing units authorizcd through
fiscal year 1978 are leased. Tha rent credit should te
eliminated foi in-place families as wel] as for all families
assisted under the section 8 program. 4HTW)](ViewImageLocal?handle=hein.gao/gaobaaxlv0001&div=1&collection=&method=preview&ext=.png&size=3)