To reform laws relating to small public housing agencies, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Small Public Housing Agency Opportunity Act of 2012''.
SEC. 2. FINDINGS AND PURPOSE.
(a) Findings.--Congress finds the following: (1) Although small public housing agencies are numerous, they administer only a small fraction of the financial resources provided under the Federal housing programs. (2) The oversight of small public housing agencies by the Department of Housing and Urban Development is disproportionate to the financial risk the operations of these agencies pose to the Federal Government. (3) Small public housing agencies perform better than larger agencies, as public housing agency performance is presently measured by the Federal Government. (4) The Department of Housing and Urban Development should deploy its administrative oversight resources in a manner that reflects relative risk to the Federal Government. (5) Regulatory and administrative burdens that may be reasonable for larger public housing agencies may not be so for smaller public housing agencies with more limited resources. (6) Eliminating unnecessary or unreasonable regulatory and administrative burdens will improve the effectiveness of small public housing agencies as providers of housing assistance to low income families. (7) Small public housing agencies and their residents would benefit from, and small public housing agencies should be afforded, maximum flexibility in the use of their resources. (8) Congress and the...