Bill > S1203

This bill aims to provide additional rental voucher funding for high-growth population areas by amending the United States Housing Act of 1937. Specifically, the bill authorizes $2 billion for fiscal year 2025 to be appropriated for rental assistance, with funds available for renewals in subsequent years. The assistance would be allocated to public housing agencies in areas with populations over 100,000 that experienced the most significant population growth between 2012 and 2022. The Secretary of Housing and Urban Development would distribute these additional vouchers equitably, taking into account factors such as the population served, existing voucher shortfalls, and historical gaps in housing assistance allocation that have not kept pace with population growth. The goal is to help public housing agencies in rapidly growing areas better meet the housing needs of their residents by providing more flexible and responsive rental assistance funding.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/1203/all-info