Section 1 Short title
This Act may be cited as the “Section 8 Relief Act of 2014”.
Section 8 Relief Act of 2014
A BILL
To require that any new contract to provide project-based rental assistance under section 8 of the United States Housing Act of 1937 have a term of 40 years, and for other purposes.
Sec. 2 40-year terms for section 8 project-based contracts
Notwithstanding any other provision of law, any housing assistance payments contract to provide rental assistance under section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f) that is attached to a structure and is entered into after the date of the enactment of this Act shall have a term of 40 years.