From U.S. Sen. Chuck Schumer's Office
U.S.
Rep. Nydia Velázquez and U.S. Sen. Chuck Schumer announced that after
their push earlier this year, the U.S. Department of Housing and Urban
Development (HUD) will be exempting New York City from the agency’s new
Small Area Fair Market Rent (SAMFR) rule for Section 8 voucher
holders. Under HUD’s original proposal, New York City housing experts
estimated that rental assistance payments under the Section 8 program
would decrease for more than 55,000 voucher holders across New York
City. Under HUD’s revision of the rule, metropolitan areas with a
vacancy rate of 4 percent or lower will be exempted, including New York
City, which has a vacancy rate of 3.45 percent.
“This plan was a terrible fit for New York City all along and I am
pleased we worked with the secretary to find a solution,” Velázquez
said.
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Source: The Brooklyn Eagle
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