H.R. 4478 — Introduced in House

I 113th CONGRESS 2d Session H. R. 4478 IN THE HOUSE OF REPRESENTATIVES April 10, 2014 Mr. Rangel introduced the following bill; which was referred to the Committee on Financial Services A BILL To require that any new contract to provide project-based rental assistance under section 8 of the United States Housing Act of 1937 have a term of 40 years, and for other purposes. 1. Short title This Act may be cited as the Section 8 Relief Act of 2014. 2. 40-year terms for section 8 project-based contracts Notwithstanding any other provision of law, any housing assistance payments contract to provide rental assistance under section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f) that is attached to a structure and is entered into after the date of the enactment of this Act shall have a term of 40 years.