Chapter
The Rent Supplement Program
The Rental Assistance Payment
(RAP) Program
Section 8 Project-Based Rental Assistance
New Construction, Substantial Rehabilitation,
Existing Housing
Additional Uses of Section 8 Project-Based
Rental Assistance
HOW AFFORDABILITY RESTRICTIONS
COME TO AN END
FINANCING ASSISTANCE: MORTGAGE PREPAYMENT
AND MATURATION
Section 236 and Section 221(d)(3) BMIR
RENTAL ASSISTANCE:
EXPIRING RENTAL-ASSISTANCE CONTRACTS
PREVIOUS AND ONGOING EFFORTS TO PRESERVE ASSISTED HOUSING
Emergency Low-Income Housing
Preservation Act (ELIHPA)
Low-Income Housing Preservation and Resident Homeownership Act (LIHPRHA)
The End of ELIHPA and LIHPRHA
Section 8 Expiring Contracts, Renewals, and the Multifamily Assisted Housing Reform and Accountability Act (MAHRA)
Mark-to-Market and Section 8 Renewal
Recent Initiatives: Contract Preservation Provisions
and Green Retrofit Funding
Contract Preservation Provisions
Green Retrofit Program for Multifamily Housing
PHYSICAL CONDITION OF THE PROPERTY
WEIGHING THE COSTS AND BENEFITS
OF PRESERVATION
Financing Assistance: Rent-Restricted, Insured Units
Financial Incentives for the Current Owner
to Maintain Affordability
Incentives to Sell to Preservation Purchasers
Requirements for Current Owners
What if Property is Not Preserved?
RECENT LEGISLATIVE INITIATIVES
The Housing Preservation and Tenant Protection Act (H.R. 4868, 111th Congress)
The Section 202 Supportive Housing
for the Elderly Act (S. 118)
APPENDIX A. PRESERVATION PROPERTIES AT A GLANCE
Chapter 2: TESTIMONY OF TAMMYE TREVINO, ADMINISTRATOR, RURAL HOUSING SERVICE, U.S. DEPARTMENT OF AGRICULTURE, BEFORE THE SUBCOMMITTEE ON HOUSING AND COMMUNITY OPPORTUNITY
Chapter 3:
STATEMENT OF TOBY HALLIDAY
VICE PRESIDENT, NATIONAL HOUSING TRUST PRESENTED TO THE SUBCOMMITTEE ON HOUSING AND COMMUNITY OPPORTUNITY HOUSE COMMITTEE ON FINANCIAL SERVICES
Preservation is a Crucial National Priority
Federally Subsidized Housing is an Essential Housing Resource
Preservation Works: Preserving Housing Is Cost Effective, Environmentally Responsible, and Is the Logical First Step in Solving Our Nation’s Housing Dilemma
Legislative Recommendations
TOBY HALLIDAY
VICE PRESIDENT
Chapter 4:
STATEMENT OF RICKY LEUNG, TREASURER, NATIONAL ALLIANCE OF HUD TENANTS, BEFORE THE SUBCOMMITTEE ON HOUSING AND COMMUNITY OPPORTUNITY, HEARING ON "AFFORDABLE HOUSING PRESERVATION AND PROTECTION OF TENANTS"
Federal First Right of Purchase Will Save Our Homes
New York City is Losing Affordable Housing
at an Alarming Rate
Predatory Investors are Driving up Rents and Destroying Affordable Housing
Deregulation Has Resulted in Uncontrolled Speculation and the Loss of Housing
New York Courts Nullified Local Law 79 Due to Preemption, Not Constitutional Concerns, and Called for Action by Other Levels of Government
The First Right of Purchase Will Save Money with Greater Benefits for at-Risk Families
Section 103 Will Save Housing Threatened by Expiring Mortgages and Other Risks
Tenant Empowerment Provisions Essential
Action Need to Make Resources Availableto Empower Tenants
Action Need to Make Resources Available
to Empower Tenants
The Federal First Right of Purchase Does not Amount to an Unconstitutional Taking
HUD’s Position on a Federal First Right of Purchase
Chapter 5:
TESTIMONY OF THE INSTITUTE FOR RESPONSIBLE HOUSING PRESERVATION PRESENTED BY SARAH METHERELL, VICE PRESIDENT, STEADFAST COMPANIES FINANCIAL SERVICES COMMITTEE SUBCOMMITTEE ON HOUSING AND COMMUNITY OPPORTUNITY U.S. HOUSE OF REPRESENTATIVES HEARING ON AFFORDABLE
HOUSING PRESERVATION
HUD-Assisted Housing Preservation
( Housing Issues, Laws and Programs )
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