S1203-119

2. Rental vouchers for high growth population areas Section 8(o) of the United States Housing Act of 1937 (42 U.S.C. 1437f(o)) is amended by adding at the end the following: The Secretary shall, each year, using amounts appropriated pursuant to subparagraph (B), provide additional assistance in an equitable manner to each eligible public housing agency for tenant-based assistance, based on the population in the area served by the public housing agency, the extent to which existing voucher allocations of the eligible public housing agency do not meet its housing affordability needs, and historical shortfalls in providing assistance to such eligible public housing agency as a result of voucher formula allocations not keeping pace with population growth over the period identified in subparagraph (C)(ii). There are authorized to be appropriated to Secretary to carry out this paragraph $2,000,000,000 for fiscal year 2025, which shall be available for renewals in each fiscal year thereafter until expended. For the purposes of this paragraph, the term eligible public housing agency means a public housing agency that administers Federal housing assistance for an area that, as determined by the Secretary— has a population of greater than 100,000; and is one of 25 areas in the United States that experienced the highest population growth between 2012 to 2022. (23)Rental vouchers for high growth population areas(A)In generalThe Secretary shall, each year, using amounts appropriated pursuant to subparagraph (B), provide additional assistance in an equitable manner to each eligible public housing agency for tenant-based assistance, based on the population in the area served by the public housing agency, the extent to which existing voucher allocations of the eligible public housing agency do not meet its housing affordability needs, and historical shortfalls in providing assistance to such eligible public housing agency as a result of voucher formula allocations not keeping pace with population growth over the period identified in subparagraph (C)(ii).(B)Authorization of appropriationsThere are authorized to be appropriated to Secretary to carry out this paragraph $2,000,000,000 for fiscal year 2025, which shall be available for renewals in each fiscal year thereafter until expended.(C)Eligible public housing agency definedFor the purposes of this paragraph, the term eligible public housing agency means a public housing agency that administers Federal housing assistance for an area that, as determined by the Secretary—(i)has a population of greater than 100,000; and(ii)is one of 25 areas in the United States that experienced the highest population growth between 2012 to 2022..