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Monday, 26 September 2011

SECTION 8 HOUSING VOUCHER SYSTEM IN USA

The numbers discussed below run like telephone numbers and give an insight into where some of USA tax goes....i suggest readers use google to read up on the programs and see if you think there is any merit in them being suggested for Australia..... They appear to be more generous than in the Australian system and certainly better for landlord and rooming house operators who have to wear bad debts . The American system protects both the tenant from misusing the grant and the landlord gets his rent on time and intact using the Voucher ystem. On July 30,2009  the American Senate Appropriations Committee approved the FY 2010 HUD funding bill  providing $45.8 billion for HUD programs, $4.5 billion more than the FY 2009 .

The bill increased FY 2009 Housing Choice Voucher spending by $1.2 billion to provide $18.1 billion for vouchers in FY 2010, including $75 million for 10,000 new vouchers for homeless veterans and $20 million for new family unification vouchers, and increases project-based Section 8 rental assistance by $600 million to provide $8.1 billion in FY 2010.  The President’s Budget requested $17.8 billion for vouchers, a $1 billion increase over FY 2009, and $8.1 billion for project-based Section 8, a $600 million increase over FY 2009.
 
On September 19, 2011 the President unveiled his plan to reduce the federal deficit by more than $3 trillion over the next ten years.  The plan includes savings of $1.5 trillion from tax reform, almost $580 billion from cuts and reforms to mandatory programs, and $1 trillion from the already planned draw-down of troops in Iraq and Afghanistan. 
 
According to a summary of the bill, the bill would slash the HOME Investment Partnerships (HOME) program to $1 billion.  This is a $607 million, or 38 percent, cut compared to the FY 2011.
 
These budget changes must have great effect on the people they are designed to assist or is most of this money used on administration services? Does anyone know more about the topic...please join discussion.

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