Last week in Detroit at an industry event, Vox reported that HUD Deputy Assistant Secretary for Policy Development Brian McCabe announced that his agency is soon planning to solicit public comment on the prospect of a pilot in which eligible low-income tenants would receive cash to pay their rent directly, rather than use traditional housing vouchers.
HUD will seek input on whether landlords would be more willing to rent to low-income people if they could skip the government's red tape, and whether there would be higher-quality housing available to renters using cash.
McCabe also said that HUD plans to soon issue guidance to housing agencies on how they could run these sorts of cash pilot programs.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
