The Albany Housing Authority has applied to federalize Townsend Park Homes. Townsend Park Homes or 137C is a 158 unit state building where 131 of the 148 maximum Section 8 project based voucher units are currently receiving subsidy. Through the American Recovery and Reinvestment Act (ARRA), the US Dept. of HUD is offering public housing authorities the opportunity to federalize affordable housing properties without affecting the 1999 HUD-imposed cap on the number of units allowable under the Annual Contributions Contract.
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