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Increase the supply of housing in AmericaSection 505 › Proposal

An agency that cannot be brought into compliance must be removed and replaced

To increase the supply of housing in America, and for other purposes, section 505, Sec. 505. Written by .

An agency that cannot be brought into compliance must be removed and replaced

The document says “shallWho acts: Secretary of Housing and Urban DevelopmentHow: statuteSec. 505 in the PDF
What the document says

“If a public housing agency cannot be brought into compliance under the process developed under paragraph (2), the Secretary shall remove the participating public housing agency from the cohort and replace it with a similarly qualified public housing agency currently not in the cohort”

To increase the supply of housing in America, and for other purposes, Sec. 505

The section requires the Secretary to make a determination of noncompliance where an agency in the cohort does not meet the section's requirements, to develop a process to bring it into compliance, and, where that fails, to remove it and replace it with a similarly qualified agency chosen the same way. On removal the Secretary must immediately notify the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services and report on the steps being taken to replace the agency.

What the document actually says

“If a public housing agency cannot be brought into compliance under the process developed under paragraph (2), the Secretary shall remove the participating public housing agency from the cohort and replace it with a similarly qualified public housing agency currently not in the cohort”

To increase the supply of housing in America, and for other purposes, Sec. 505
That sentence, in plain words

Some agencies cannot be brought back in line. Those must be dropped from the group. Another agency of like standing takes the place.

What this is about

First the housing agency must try to fix the problem. Removal comes only if that fails. Two committees in Congress must be told at once.

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