Section 1 Short title
This Act may be cited as the “The Housing Voucher Funding Reallocation Act”.
The Housing Voucher Funding Reallocation Act
A BILL
To amend the United States Housing Act of 1937 to require the Secretary of Housing and Urban Development to reallocate unobligated funding for tenant-based assistance to public housing agencies which are in need of more funding for tenant-based assistance.
Sec. 2 Reallocation of voucher funding
Section 8(o) of the United States Housing Act of 1937 is amended by adding at the end the following:
“(24) Reallocation of amounts—The Secretary shall, at the end of each fiscal year—
“(A) recapture from each public housing agency any amounts provided to such public housing agency for tenant-based assistance under paragraph (1)(A), not including any administrative fees or other amounts made available under subsection (q), that such public housing agency did not obligate during such fiscal year; and
“(B) provide amounts recaptured under subparagraph (A) to public housing agencies that used all of the amounts provided to them for tenant-based assistance under paragraph (1)(A).”