Fiscal Year 1984 Hud Authorizations Hearings Before the Subcommittee On Housin

Cover Fiscal Year 1984 Hud Authorizations Hearings Before the Subcommittee On Housin
Fiscal Year 1984 Hud Authorizations Hearings Before the Subcommittee On Housin
Zation203a20hearings20before20the20subcommit
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It may be extremely difficult to attract non-subsidized tenants to a project principally occupied by subsidized tenants, even though the performance standeird on after-rehabilita- tion rents requires project rents to be in line with fair market rents in the area.
Localities or states participating in this program will need to be quite sophisticated to perform the neighborhood analyses required by the performance standards. We fear, therefore, that only the governments with sophisticated resourc
...es will be able to compete successfully for the very limited funding. While this may make sense from a marketing and financial soundness viewpoint, it will not target funds to many less sophisticated localities, whose housing needs may be just as great or greater. Furthermore, the program can help only those communities that have a stock of housing that is suitable for 579 rehabilitation— if the housing stock is beyond repair considering the financial restraints, or a supply of multi-family housing simply does not exist, this program will do nothing to address those needs.

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