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United States · Bill · S

S. 2935 (114th)

End Housing Subsidies for the Rich Act of 2016

referredUnited States· United States Congress· EN

Introduced

17 May 2016

Last action

17 May 2016 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sen. Flake, Jeff [R-AZ], Sen. Coats, Daniel [R-IN]

Subjects

Housing

Source updated

12 August 2025

Housing

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Summary

End Housing Subsidies for the Rich Act of 2016 This bill amends the United States Housing Act of 1937 to revise eligibility requirements for assisted housing. If a public housing agency (PHA) determines that a tenant's income is greater than 120% of the area median income for two consecutive years, the PHA must terminate the family's tenancy within six months. Such a family may, however, continue to occupy the dwelling unit month-to-month if: the PHA charges the family the fair market rent, and there are no eligible families applying for housing assistance from the PHA for that month and the agency provides at least a 30-day public notice of the availability of such assistance. A PHA may not rent a dwelling unit to or assist families with net family assets exceeding $100,000 annually (adjusted for inflation) or an ownership interest in property that is suitable for occupancy. This restriction does not apply to victims of domestic violence, individuals using housing assistance for homeownership opportunities, or a family that is offering a property for sale. PHAs must require applicants to authorize financial institutions to disclose records necessary to determine eligibility for benefits.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 17 May 2016

    Introduced

    Introduced in Senate

    Source: IntroReferral

  2. 17 May 2016

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 17 May 2016

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 17 May 2016

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 17 May 2016

    Open at official source

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Sponsors

Related records

Sources

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