NAHMA Update: HUD Secretary Releases Rent Reform Proposal
Today, HUD Secretary Ben Carson released a rent reform proposal titled “Making Affordable Housing Work Act of 2018.” The proposed legislative text includes rent increases on certain households and allows PHAs and owners to impose work requirements.
Under the proposal, PHAs and owners would only be required to verify income every three years, rather than annually.
The proposal requires congressional approval and is expected to be introduced in Congress soon. Please find the bill text and a section-by-section summary attached. A NAHMAnalysis is forthcoming.
Juliana Bilowich, Government Affairs Coordinator
National Affordable Housing Management Association
400 N. Columbus St., Suite 203, Alexandria, VA 22314
Phone 703-683-8630, ext.116 Email email@example.com, Website www.nahma.org
NAHMA is the leading voice for affordable housing management, advocating on behalf of multifamily property managers and owners whose mission is to provide quality affordable housing.