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January 24, 2014: Preservation of Affordable Housing as Represented in the New U.S. Budget

The recently enacted Consolidated Appropriations Act, 2014 (Pub. L. No. 113-76, Jan. 17, 2014) contains several provisions affecting preservation of affordable housing and protecting tenants. These include funding levels for project-based Section 8 and tenant protection vouchers, as well as several important policies extending authority for preserving properties with expiring assistance contracts under now-dormant HUD rental assistance programs, extending tenant protections for mortgage maturity and addressing troubled properties. NHLP has prepared a summary of these preservation provisions, including a brief description of each provision and the related statutory text and citations for ready reference.

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