In the 2011 budget, HUD proposes to launch a multi-year effort called the Transforming Rental Assistance (TRA) initiative to preserve HUD-funded public and assisted housing, stem the loss of affordable units, enhance housing choice for residents and streamline the administration of HUD’s rental assistance programs. In 2011, the first phase of this initiative would provide $350 million to preserve approximately 300,000 units of public and assisted housing and expand housing choices for families with Housing Choice Vouchers (HCVs). Later this spring, HUD will submit proposed legislation to the Congress to authorize this voluntary conversion of properties to long-term property-based Section 8 rental assistance, and to make other changes to HUD’s programs to advance the streamlining goals of TRA.
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