On the recordOctober 9, 1997
I agree with Senator Sarbanes that this flexibility is extremely important in dealing with disqualified properties and that with input from local governments, communities, and residents, hopefully some creativity can be used. I strongly believe that it is important that the Federal Government terminate its relationship with those owners who have abused the program and those properties where it is simply infeasible to continue to subsidize. However, we should not take a 'one-size-fits-all' approach and ensure that the interests of residents, communities, and local governments are carefully considered. I am also concerned about those properties, not eligible for mark-to-market, whose contracts are not renewed due to noncompliance actions by owners or the poor physical condition of the property. I have some reservations about HUD's policy to simply voucher out those properties instead of exploring other creative options such as transfers or sales to resident-supported nonprofit entities.
Source
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