Bill > HR5222

This bill, the Rental Assistance Housing Preservation and Rehabilitation Act of 2014, aims to modify the Department of Housing and Urban Development's (HUD) Rental Assistance Demonstration program. Specifically, it seeks to increase the maximum number of housing units that can participate in this demonstration program from 60,000 to 150,000. The demonstration program allows public housing agencies to preserve and rehabilitate their existing housing stock by converting them to project-based rental assistance, which is a type of housing subsidy provided by the government to help low-income families afford housing. The bill also extends the applicability of these changes to funds made available for fiscal year 2014 and subsequent years, and removes a specific reference to "section 8(e)(2)" which likely relates to another housing assistance program. Additionally, it updates the authorization for the program to run through 2016, replacing a previous end date of 2013.