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OCR Page 1 of 124Anna Richter
09/12/2000 10:20:29 AM
Record Type:
Record
To:
Margy Waller/OPD/EOP@EOP, Andrea Kane/OPD/EOP@EOP
CC:
Subject: STATEMENT BY THE PRESIDENT: Fair Market Rent Level
HUD Should have it all now and is making copies for their press packets as we speak.
Forwarded by Anna Richter/OPD/EOP on 09/12/2000 10:20 AM
Alexander N. Gertsen
09/12/2000 10:16:49 AM
Record Type:
Record
To:
CC:
Subject: STATEMENT BY THE PRESIDENT: Fair Market Rent Level
THE WHITE HOUSE
Office of the Press Secretary
For Immediate Release
September 12, 2000
STATEMENT BY THE PRESIDENT
I am pleased that, today, Secretary of the Department of Housing and Urban
Development Andrew Cuomo is announcing a plan to increase payment levels for Section 8
Housing Choice vouchers. Raising the fair market rent level in certain difficult housing
markets across the country will increase the pool of apartments affordable to low-income
renters by more than 1.4 million units nationwide. This important initiative builds on the
significant progress the Vice President and I have made on affordable housing - boosting
homeownership to record levels, transforming public housing, stemming the losses of
privately-assisted housing, expanding the role of secondary markets, and enlarging the supply
of housing vouchers for hard pressed working families.
This decision to change rent guidelines to reflect a changing market complements the
110,000 new housing vouchers secured through the efforts of my Administration working with
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