The local public housing authorities (PHAs) that administer the federal public housing program will begin receiving their annual federal operating subsidies under a new formula in January 2007. As a result, some will experience an increase in their eligibility for funding and others will experience a decrease, although both increases and decreases will be phased in (over two and five years, respectively). However, the amount that a PHA qualifies for under the new formula (whether it is an increase or a decrease) will be reduced if Congress appropriates less money than is necessary to fund all agencies at 100% of …
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Description
The local public housing authorities (PHAs) that administer the federal public housing program will begin receiving their annual federal operating subsidies under a new formula in January 2007. As a result, some will experience an increase in their eligibility for funding and others will experience a decrease, although both increases and decreases will be phased in (over two and five years, respectively). However, the amount that a PHA qualifies for under the new formula (whether it is an increase or a decrease) will be reduced if Congress appropriates less money than is necessary to fund all agencies at 100% of their eligibility. This report provides a brief overview of the changes to the public housing operating fund formula that will take place in FY2007.
This report is part of the following collection of related materials.
Congressional Research Service Reports
The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.
McCarty, Maggie.Public Housing: Fact Sheet on the New Operating Fund Formula,
report,
January 4, 2007;
Washington D.C..
(https://digital.library.unt.edu/ark:/67531/metadc822513/:
accessed April 17, 2024),
University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu;
crediting UNT Libraries Government Documents Department.