Reports + Articles


Preservation Bill Introduced

On March 17, Rep. Barney Frank (D-Massachusetts) introduced H.R. 4868, the Housing Preservation and Tenant Protection Act of 2010, the long anticipated bill addressing the preservation of rental housing funded by HUD or USDA Rural Development. HR 4868 contains provisions to encourage preservation of federally assisted rental housing that is at risk of loss or conversion and provide new protections to the people living in this housing. The bill’s primary goals include (1) Providing resources and incentives to prevent the further loss of affordable housing units; (2) Preventing the displacement of disabled, elderly and other low-income tenants; (3) Establishing a national database to further preservation; (4) Preserving HUD 202 Supportive Housing for the Elderly and (5) preserving rural subsidized rental housing. Most of the provisions in Title VIII of the bill’s rural section are the same as those in H.R. 2876, introduced in 2009. 4868 is scheduled to go to before the House Financial Services Committee for mark up on May 5th. Informaiton on the bill can be found here.

— Posted on 4/27/2010