A bill introduced by Colorado Rep. Ed Perlmutter that would allow banks to serve marijuana-related businesses without fear of pena...READ MORE
Rep. Perlmutter Introduces Bi-Partisan Legislation to Reduce Burden on Fixed Income Tenants
Today U.S. Rep. Ed Perlmutter (CO-07) and Rep. Steve Stivers (OH-15) introduced H.R. 5776, the Tenant Income Verification Relief Act to allow tenants on a fixed income have their income certified and/or verified once every three years rather than annually. This bi-partisan legislation will help streamline and reduce the burdens placed on tenants for purposes of determining their eligibility for certain Federal assistance housing programs, including seniors and other individuals and families who consistently maintain a fixed income.
“This legislation will help lighten the regulatory requirements placed on housing authorities and their tenants while still ensuring accountability,” said Rep. Perlmutter. “As a result, housing authorities will be able to use their funds more efficiently while providing more opportunities for low-income tenants.”
“This bill is a great first step towards ensuring our nation’s low-income families have safe places to live while simultaneously reducing administrative burdens families face yearly and creating better opportunities for housing authorities to use their time and resources more efficiently,” said Rep. Stivers.
The legislation amends The Housing Act of 1937 and applies to both public housing authorities and the voucher program. The legislation could also incentivize more privately-owned housing operators to accept vouchers, since the stock of public housing continues to face fiscal pressures providing tenants more flexibility and choice.
“Colorado NAHRO continues to support responsible reforms that will help reduce administrative burdens on local housing authorities,” said Tami Fischer, president of the Colorado chapter of NAHRO. “This bill will help us assist our clients in a more cost effective manner in order to deal with the consistent decline in Federal funding.”
Since assuming office in 2007, Rep. Perlmutter has served on the House Financial Services Committee which has jurisdiction over many issues including housing programs such as Public Housing and all HUD programs. In October 2014, Rep. Perlmutter was recognized as “Legislator of the Year” for his significant contributions and support for affordable housing by the Colorado chapter of the National Association of Housing and Redevelopment Officials (NAHRO). Rep. Perlmutter has also supported other federal housing programs, including: Low-Income Housing Tax Credits; New Markets Tax Credits; Community Development Block Grants (CDBG); HOME Investment Partnership Funds; and efforts to fund the Housing Trust Fund.
Sign up to get Ed's newsletter delivered straight to your inbox.
See the upcoming events on Ed's calendar.