Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities

U.S. Government Accountability Office

Administering Agency/Entity	Department of Agriculture
Short Description	Provides a rent subsidy to tenants of eligible multifamily housing financed through the Section 515 Rural Rental Housing Program who may be subject to economic hardship when the owner of a property pays off a loan by prepayment or foreclosure, causing affordable housing requirements to end. The RD voucher will help tenants by providing a short-term rental subsidy that will supplement the tenant’s rent payment. Low-income tenants in the prepaying property are eligible to receive a voucher that they may use at that property or take to any other rental unit in the United States that passes RD inspection and where the owner will accept an RD voucher, with the exception of rental units in subsidized housing like Section 521 Rental Assistance, Section 8, and public housing where two housing subsidies would result.
Primary Purpose	Rental assistance for tenants
Type of Housing Supported	Rental Housing
Type of Assistance	Direct payment
Fiscal Year 2010 Obligations	$8,000,000