Excerpt from The Multifamily Assisted Housing Reform and Affordability Act of 1997 S. 513: Hearing Before the Subcommittee on Housing Opportunity and Community Development of the Committee on Banking, Housing, and Urban Affairs United States Senate; June 17, 1997 Further, a portion of the rental stock suffers from poor manage ment or has become physically distressed, thus, in some cases, payers are paying costly subsidies for inferior housing. In the next several years, the majority of the project-based Sec tion 8 contracts on the fha-insured properties will expire. If contracts continued to be renewed at existing levels, the cost to renew them will grow from about billion in the current year to almost $4 billion in fiscal year 2000, and $8 billion in 10 years. The total cost of renewing all Section 8 contracts will grow from billion this year, to more than $9 billion in 1998, and as much as $18 billion in fiscal year 2002. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.