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Affordable Housing , Federal News , Homelessness , Reports and Publications

Federal Rental Assistance Programs Show Success for Veterans

18 November 2014
Center on Budget and Policy Priorities

The Center on Budget and Policy Priorities released a report on November 10 that shows the progress of rental assistance for veterans from 2010 to 2014. The report - Rental Assistance Helps More Than 340,000 Veterans Afford Homes, but Large Unmet Needs Remain - shows that veteran homelessness fell by 33% from 2010 to 2014, partly due to the increase of housing vouchers committed to veterans. Roughly 50,000 veterans receive rental assistance through the HUD-Veteran Affairs Supportive Housing Voucher program (HUD-VASH) and the remaining 300,000 receive rental assistance mainly through the Housing Choice Voucher program, Section 8 Project-Based Rental Assistance, and public housing. 

While the number of veterans receiving aid has increased due to the Obama Administration’s pledge to end veteran homelessness by 2015, there are still many veterans that are at risk, with 762,000 who are severely cost-burdened, meaning they pay more than 50% of their income on housing. 

The report recommends that more funding for the National Housing Trust Fund would allow more resources to flow to housing assistance for veterans. They also recommend that the existing rental assistance programs stay in place while creating new programs to supplement them. 

Click here to read the full report.