Vice President for Housing Policy
Following a unanimous House vote earlier this year, the Senate unanimously approved housing reform legislation last night that will provide important benefits to low-income families, seniors, and people with disabilities. The President is expected to sign the bill — H.R. 3700, the Housing Opportunity Through Modernization Act.
The bill, which provides the first comprehensive update to the nation’s low-income housing programs in 18 years, will improve federal rental assistance programs while retaining the core characteristics that make them effective — such as income-based rents that ensure that even very poor families can keep a roof over their heads and rules targeting most assistance on the neediest families. An unprecedented, broad range of housing groups supported the legislation.
As we’ve explained, while reducing program costs modestly, the bill will:
The remarkable congressional action — a 427-0 vote in the House, a unanimous voice vote in the Senate — reflects widespread, bipartisan support for common-sense reforms in housing policy that will bolster the programs’ ability to continue to help low-income families find and keep safe, affordable housing.