Section 8 Relief Act of 2014

Section 8 Relief Act of 2014 - Requires any new housing assistance payments contract providing rental assistance to low-income families under the United States Housing Act of 1937 that is attached to a structure to have a 40-year term.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4478 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 4478

   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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 10, 2014

  Mr. Rangel introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Section 8 Relief Act of 2014''.

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.
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