This bill increases the flexibility that public housing agencies have in allocating their federal housing assistance funds. Specifically, it raises from 20 percent to 30 percent the share of authorized units that housing agencies can dedicate to project-based assistance, which ties rental subsidies to specific buildings rather than following individual tenants. The bill also allows housing agencies to request permission from the Secretary of Housing and Urban Development to use even more units beyond the 30 percent threshold for assisting homeless persons and families. The Secretary must issue guidance on these new rules within 90 days of the bill becoming law, and the changes take effect in the first fiscal year after enactment. This legislation aims to give local housing authorities greater tools to address housing shortages and homelessness in their communities.
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