Salazar Testimony Before the House Financial Services Subcommittee on Housing, Community Development, and Insurance
Oregon Housing and Community Services Executive Director and NCSHA Secretary/Treasurer Margaret Salazar represented the nation’s state housing finance agencies on November 20 during a hearing before the House Financial Services Subcommittee on Housing, Community Development, and Insurance focused on the health, safety, and soundness of HUD-assisted rental and public housing.
Salazar testified to the effectiveness and results state HFAs and local public housing authorities have delivered as Performance-Based Contract Administrators (PBCAs) on behalf of HUD. PBCAs, including 33 state HFAs, administer more than 88 percent of HUD Project-Based Rental Assistance contracts. Fewer than 5 percent of the more than 31,000 properties PBCAs oversee are “high risk” or “troubled.” Ninety-five percent passed their most recent HUD property inspections, and 92 percent received “satisfactory or above” ratings on their most recent management and occupancy reviews.
Salazar urged the subcommittee to ensure HUD does not allow for-profit commercial entities that lack the mission and resources of state HFAs to take on responsibilities for managing these critical community assets.
A transcript of Salazar’s testimony is available below. Video of the hearing can be accessed here.