HUD Section 202 and 811 Bills On Way to President for Signature.

PR from NY Senator Chuck Shumer is HERE.  Summary from his PR:

...S. 118, is designed to streamline the Section 202 Supportive Housing for the Elderly program, which funds affordable housing for low-income seniors and protects their right to “age in place” through the provision of supportive, community-based services. ... S. 1481, provides people with disabilities the opportunity to live independently within their own communities by creating affordable rental units.

These bills make it easier for property owners who administer housing for seniors and persons with disabilities to refinance their properties – in turn allowing owners to preserve and maintain the affordability and quality of these units for residents

Pre passage NLIHC Memo to Members related item is HERE.

Links to text of legislation are pasted below:

S. 1481, the Frank Melville Supportive Housing Investment Act
S. 118, the Section 202 Supportive Housing for the Elderly Act

Originally created and posted on the Oregon Housing Blog.