FAIR Costs Act
The FAIR Costs Act (HR 8678) would reduce the percentage of income used to calculate rent for low-income tenants in federal housing assistance programs from 30% to 20%. This change directly affects tenants in public housing and those using tenant-based assistance programs like Section 8 vouchers, lowering their monthly rent payments. The bill amends key housing laws, including the United States Housing Act of 1937 and the Cranston-Gonzalez National Affordable Housing Act, to implement this rent calculation shift. It also updates funding authorizations to include fiscal year 2025 and future years for tenant-based assistance.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2024
Committee Review
Floor Vote
President
Introduced Jun 11, 2024
Last action Jun 11, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 11, 2024
Committee
Referred to the House Committee on Financial Services.
lower
Jun 11, 2024
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about HR 8678
Scope: US
Hi! I can help you understand HR 8678. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline