Summary: S.2721 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for S.2721. Bill summaries are authored by CRS.

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Introduced in Senate (07/11/2002)

Housing Voucher Improvement Act of 2002 - Amends the United States Housing Act of 1937 to establish a thrifty voucher component within the section 8 public housing program to assist public housing authorities (PHAs) increase housing availability for extremely low-income families.

Permits PHAs to use unutilized section 8 funds, or reserve funds in cases of no such unutilized funds, to help families find housing. Establishes the Voucher Success Fund to assist certain PHAs with no unutilized funds.

Authorizes PHAs to make limited increases in maximum rents.

Directs the Secretary of Housing and Urban Development to provide PHAs with lists of rental units in their metropolitan areas that were given low-income housing tax credits or were built under the HOME Investments Partnership Act.

Authorizes the Secretary to reallocate chronically unutilized section 8 vouchers through designated metropolitan administrators.

Permits families in project-based section 8 units to participate in specified self-sufficiency programs.

Sets forth grant and income exclusion work incentives.

Authorizes a welfare-to-work housing voucher program.

Authorizes PHAs to: (1) begin rental payments before inspection under specified circumstances; and (2) use technical assistance funds and other means to establish electronic transfer systems for rental payments.