Bill > HR9584

This bill, titled "The Housing Voucher Funding Reallocation Act," amends the United States Housing Act of 1937 to require the Secretary of Housing and Urban Development (HUD) to reallocate unused funding for tenant-based rental assistance. Tenant-based assistance, often referred to as housing vouchers, helps low-income families afford housing in the private market. Specifically, at the end of each fiscal year, HUD will take back any funds allocated for this type of assistance that a public housing agency (PHA), which administers these programs locally, did not spend. These recaptured funds will then be given to PHAs that have already used all of their allocated voucher funding and are in need of more to serve eligible families. This process aims to ensure that available housing assistance funds are utilized effectively to help as many families as possible.