Jerry Nadler: “I must correct the gentleman. That is not what it does at all. There are always, in any housing stock, there are always…”

“I must correct the gentleman. That is not what it does at all. There are always, in any housing stock, there are always some vacant units because someone moves out on Monday, it takes a month to prepare the apartment for someone else to move in. It has always been the policy that you replace the number of units that you are tearing down. If you are tearing down 1,000 units, you get 1,000 section 8 vouchers. If you change the policy, such as HUD is now seeking to do, such as the bill is seeking to do and which this amendment opposes doing, then you are saying that if 10 percent are vacant because someone has moved out and someone else hasn't moved in yet, they are cleaning it up, that you replace 90 percent instead of the 100 percent. All this says is continue the policy we have always had of replacing units, not units occupied, because units occupied is always 80, 90 percent of total units because there are always people moving in and out. Someone died last week and so forth. There is no housing stock on earth 100 percent occupied 100 percent of the time. And if you look at 5 percent or 10 percent that are unoccupied now because three people died and five people moved and no one has moved in again, you are reducing the number of units. And all we are saying is don't do that. If you tear down low income housing, replace it one for one on the basis of the number of units. That has always been our policy.…”