Section 8 - Industry Letter to Congress Regarding Section 8 Funding Gap for 2008 

The undersigned national real estate associations are writing to thank you for holding the April 23 hearing on the funding shortfall facing the Section 8 project-based program. We cannot overstate the critical need to address the $2.8 billion FY08 funding gap. Over the last ten years HUD and OMB have consistently underestimated the costs of renewing housing assistance payment contracts (HAPs) under the project-based Section 8 program; repeatedly submitting inadequate budget submissions to Congress.

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