(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Housing Assistance Efficiency Act - Amends the McKinney-Vento Homeless Assistance Act to allow (in addition to a state, local government, or public housing agency) a private nonprofit organization to administer permanent housing rental assistance provided through the Continuum of Care Program under the Act.
Requires the Secretary of Housing and Urban Development (HUD), at least once (currently, twice) during each fiscal year, to reallocate any housing assistance provided from the Emergency Solutions Grants Program that is unused or returned or that becomes available after the minimum allocation requirements under the Act.