The Spring Street Brief

Episode 21: Section 8 Housing Choice Voucher Program Faces FY2026 Uncertainty

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The Section 8 Housing Choice Voucher (HCV) program faces significant uncertainty as Congress finalizes FY2026 spending, with proposed cuts and policy changes that could reshape rental assistance in America.

FY2026 Section 8 Funding Proposals:

  • House bill: Cuts assistance to 181,900 households
  • Senate bill: Cuts assistance to 107,800 households
  • Current program serves 2.4 million households—only 1 in 4 who qualify
  • Continuing resolution funds program only through January 30, 2026

    • Proposed Policy Changes:

    • Two-year time limits on rental assistance for able-bodied adults
    • Stricter income verification requirements
    • Potential restrictions for families with undocumented members
    • Possible shift to state-managed block grants
    • Elderly and disabled exempted from time limits

      • Property owners with significant voucher exposure and housing authorities should plan for potential volatility in the Section 8 program.

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      The Spring Street BriefBy Spring Street Management Group