Political Quotes

“In addition, I would like to ask the chairman to consider other measures to assist PHAs in the transition period and in the subsequent years. For example, I would like the chairman to consider a so-called hold-harmless provision attached to the new section 8 formula. The provision would provide PHAs with an assurance that they would not lose more than a certain percentage of funds in any given year due to the utilization rates in the previous years. The reasons for this are many, but at the heart of the matter is the simple fact that the so-called excess in funds that many PHAs were caught with when the new formula was dropped into the CR were not in fact excess at all but the result of deliberate choices, court-ordered requirements or special set-aside categories of vouchers. The PHAs should not be losing all of these vouchers in the first year. The percentage could range from perhaps 10 to 25 percent. And again, PHAs deserve stability and predictability in funding.”