S. 2935 · 114th Congress
End Housing Subsidies for the Rich Act of 2016
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
FlakeSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the United States Housing Act of 1937 to revise eligibility requirements for assisted housing.
What it does: CRS summary · Introduced in Senate · May 17, 2016
End Housing Subsidies for the Rich Act of 2016
This bill amends the United States Housing Act of 1937 to revise eligibility requirements for assisted housing.
If a public housing agency (PHA) determines that a tenant's income is greater than 120% of the area median income for two consecutive years, the PHA must terminate the family's tenancy within six months.
Such a family may, however, continue to occupy the dwelling unit month-to-month if:
- the PHA charges the family the fair market rent, and
- there are no eligible families applying for housing assistance from the PHA for that month and the agency provides at least a 30-day public notice of the availability of such assistance.
A PHA may not rent a dwelling unit to or assist families with net family assets exceeding $100,000 annually (adjusted for inflation) or an ownership interest in property that is suitable for occupancy. This restriction does not apply to victims of domestic violence, individuals using housing assistance for homeownership opportunities, or a family that is offering a property for sale.
PHAs must require applicants to authorize financial institutions to disclose records necessary to determine eligibility for benefits.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: End Housing Subsidies for the Rich Act of 2016
Latest action (May 17, 2016): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Housing and Community Development · Origin: Senate · Introduced: May 17, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.