End Housing Subsidies for the Rich Act of 2016
Latest action · May 17, 2016 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 17, 2016
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
End Housing Subsidies for the Rich Act of 2016
This bill amends the United States Housing Act of 1937 to revise eligibility requirements for assisted housing.
If a public housing agency (PHA) determines that a tenant's income is greater than 120% of the area median income for two consecutive years, the PHA must terminate the family's tenancy within six months.
Such a family may, however, continue to occupy the dwelling unit month-to-month if:
- the PHA charges the family the fair market rent, and
- there are no eligible families applying for housing assistance from the PHA for that month and the agency provides at least a 30-day public notice of the availability of such assistance.
A PHA may not rent a dwelling unit to or assist families with net family assets exceeding $100,000 annually (adjusted for inflation) or an ownership interest in property that is suitable for occupancy. This restriction does not apply to victims of domestic violence, individuals using housing assistance for homeownership opportunities, or a family that is offering a property for sale.
PHAs must require applicants to authorize financial institutions to disclose records necessary to determine eligibility for benefits.
Cosponsors 1
Members who signed on, in the order they did. All signed on May 17, 2016.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IN | Daniel Coats | Original | May 17, 2016 |
Actions 2
Everything that happened, newest first.
- May 17, 2016Introduced in Senate
- May 17, 2016Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3083 | Housing Opportunity Through Modernization Act of 2016 | Related bill | Sep 22, 2016 |
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
Text 1
Each version as it was printed, newest first.
- May 17, 2016Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.