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

U.S. Government Accountability Office

Section 542 Rural Development (RD) Voucher Program

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 tenantís 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

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