Bruce F. Vento: “I appreciate the gentleman reserving his point of order. There is a similar amendment that has been passed to mine which…”

“I appreciate the gentleman reserving his point of order. There is a similar amendment that has been passed to mine which provides 1 year notice for persons residing in assisted housing where there is an exercised option by the owner to, in fact, terminate the assisted or Section 8 type of support to such housing. This is a problem of immediate concern that is causing a crisis across the Nation. The fact is that in 1989 in the LIHPRA legislation that was enacted, there was a provision for prenotification of the option to exercise termination of such contract. But that has not been implemented, and, as my colleagues are aware and I am very concerned about, there is not funding for the Low-income Housing Preservation Resident Ownership Program in this legislation, and what we hope to do is at least try to provide this notice so that individuals who are receiving only, in some cases only 30 days and others 60 days notice, are not receiving much notification, that they, in fact, would have that. I suppose optimally, if they have a year, they would have a chance to really restructure this and to do something to, in fact, maintain this low-income housing. While it is important nationwide with hundreds of thousands of units of low-income housing being converted, it is especially important in our State of Minnesota where nearly 10 percent of the low-income housing is affected by this provision.”