On May 25, MassHousing Executive Director and NCSHA Board Member Tom Gleason testified at a hearing before the House Financial Services Committee on HUD’s Transforming Rental Assistance (TRA) proposal. In his testimony on behalf of NCSHA, Gleason expressed support for HUD’s goals for TRA, including the preservation of public and assisted housing, more uniform policies and increased administrative efficiency across all HUD-funded rental assistance programs, and enhanced housing choice for assistance recipients.
- NCSHA believes it is important for Congress and the Administration to recognize the property recapitalization demands the TRA initiative will place on the Housing Credit and other federal housing resources, which are already oversubscribed.
- It is essential that TRA permits property rents adequate to support recapitalization strategies and to provide for long-term property viability.
- NCSHA strongly supports the goal of resident mobility, but urges Congress to find a way to achieve mobility without reducing the resources available to help additional families in need of housing assistance, as TRA proposes.
- NCSHA believes that TRA should remain a limited, voluntary program until Congress can review its outcomes.
- HUD needs to be more specific about the role and selection of TRA contract administrators and their relationship to administrators of HUD’s Performance-Based Contract Administration (PBCA) program.
- Congress should create a state-administered pool of project- and tenant-based rental assistance for HFAs to coordinate with the capital resources they administer to help meet the needs of very low-income households.
HUD Secretary Shaun Donovan presented the TRA proposal to the Committee, stating that the single most important thing that HUD does is to provide rental assistance to America’s most vulnerable families. Donovan said HUD’s many rental assistance programs desperately need simplification. He stated that HUD’s TRA initiative is guided by five fundamental principles:
- Streamlining and simplifying HUD’s programs so that they are easier for families to access, less costly to operate, and easier to administer at the local level.
- Changing the funding structure to leverage capital.
- Bringing market investment to HUD’s rental programs to bring market discipline that drives fundamental reforms.
- Encouraging resident choice.
- Targeting the neediest families by maintaining the targeting and affordability requirements of the existing project-based Section 8, voucher, and public housing programs.
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