How will PETRA impact smaller public housing authorities?
PETRA will provide small PHAs with the same regulatory relief and capital for repairs and renovation as are available to all converting owners. If small agencies own “small” properties, then they also would be more likely to have the option to convert to the PBV option, which could essentially relieve them of all direct responsibility to comply with HUD reporting requirements. (The PHA administering the voucher contract would determine tenant rents and deal directly with HUD.) Combined with the adoption of regulatory changes based on recommendations made by voucher program stakeholders, PETRA will facilitate the ability of voucher agencies to form voluntary consortia, which will increase administrative efficiency and reduce administrative burdens and costs for agencies, enhance housing choice, and expand access for voucher program participants to a broader range of neighborhoods.
Related Questions
- Can a State HPRP grantee subgrant funds to Public Housing Agencies, Housing and Redevelopment Authorities, and other Special Purpose Governmental Organizations?
- WHY HAVE PUBLIC HOUSING AUTHORITIES ESTABLISHED BOTH A RISK RETENTION GROUP AND AN ASSOCIATION CAPTIVE?
- What is the estimated cost to convert public housing to assistance under PETRA?
