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Increase the supply of housing in AmericaSection 502 › Proposal

A process for adjusting rural housing voucher amounts is due in two years

To increase the supply of housing in America, and for other purposes, section 502, Sec. 502. Written by .

A process for adjusting rural housing voucher amounts is due in two years

The document says “shallWho acts: Secretary of AgricultureHow: statuteSec. 502 in the PDF
What the document says

“the Secretary of Agriculture shall issue regulations to establish a process for adjusting the voucher amount provided under section 542 of the Housing Act of 1949 (42 U.S.C. 1490r) after the issuance of the voucher following an interim or annual review of the amount of the voucher.”

To increase the supply of housing in America, and for other purposes, Sec. 502

The section requires the Secretary of Agriculture, within two years of enactment, to issue regulations creating a process for adjusting a rural housing voucher after it is issued, following an interim or annual review. An interim review must allow recalculation at a tenant's request where income falls, family composition changes, or the rent changes. An annual review must require tenants to recertify family composition and that family income is no more than 80 percent of area median income, with the Secretary weighing extenuating circumstances behind a late recertification. An updated amount takes effect the first day of the month after the voucher expires, and the review must be done at least 60 days before the voucher term ends.

What the document actually says

“the Secretary of Agriculture shall issue regulations to establish a process for adjusting the voucher amount provided under section 542 of the Housing Act of 1949 (42 U.S.C. 1490r) after the issuance of the voucher following an interim or annual review of the amount of the voucher.”

To increase the supply of housing in America, and for other purposes, Sec. 502
That sentence, in plain words

The farm agency must write rules within two years. They set a way to change a voucher amount after it is given. That follows a review during the term or once a year.

What this is about

A tenant whose income drops may ask for a recheck. So may one whose family or rent changes. Once a year the tenant must confirm income and household.

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