text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``Housing Authority Funding Fairness 
  Act of 2007''.
  
  SEC. 2. VOUCHER RENEWAL FUNDING.
  
      Section 8 of the United States Housing Act of 1937 (42 U.S.C. 
  1437f) is amended by striking subsection (dd) and inserting the 
  following new subsection:
      ``(dd) Tenant-Based Vouchers.--
              ``(1) Authorization of appropriations.--There are 
          authorized to be appropriated, for each of fiscal years 2008 
          through 2012, such sums as may be necessary for tenant-based 
          assistance under subsection (o) for the following purposes:
                      ``(A) To renew all expiring annual contributions 
                  contracts for tenant-based rental assistance.
                      ``(B) To provide tenant-based rental assistance 
                  for--
                              ``(i) relocation and replacement of housing 
                          units that are demolished or disposed of 
                          pursuant to the Omnibus Consolidated 
                          Rescissions and Appropriations Act of 1996 
                          (Public Law 104-134);
                              ``(ii) conversion of section 23 projects to 
                          assistance under this section;
                              ``(iii) the family unification program 
                          under subsection (x) of this section;
                              ``(iv) relocation of witnesses in 
                          connection with efforts to combat crime in 
                          public and assisted housing pursuant to a 
                          request from a law enforcement or prosecution 
                          agency;
                              ``(v) enhanced vouchers authorized under 
                          subsection (t) of this section;
                              ``(vi) vouchers in connection with the HOPE 
                          VI program under section 24;
                              ``(vii) demolition or disposition of public 
                          housing units pursuant to section 18 of the 
                          United States Housing Act of 1937 (42 U.S.C. 
                          1437p);
                              ``(viii) mandatory and voluntary 
                          conversions of public housing to vouchers, 
                          pursuant to sections 33 and 22 of the United 
                          States Housing Act of 1937, respectively (42 
                          U.S.C. 1437z-5, 1437t);
                              ``(ix) vouchers necessary to comply with a 
                          consent decree or court order;
                              ``(x) vouchers transferred from another 
                          public housing agency; and
                              ``(xi) tenant protection assistance, 
                          including replacement and relocation 
                          assistance.
              ``(2) Allocation of renewal funding among public housing 
          agencies.--
                      ``(A) From amounts appropriated for each year 
                  pursuant to paragraph (1)(A), the Secretary shall 
                  provide renewal funding for each public housing 
                  agency--
                              ``(i) based on leasing and costs from the 
                          prior year, as adjusted by an annual adjustment 
                          factor to be established by the Secretary;
                              ``(ii) by making any adjustments necessary 
                          to provide for the first-time renewal of 
                          vouchers funded under paragraph (1)(B); and
                              ``(iii) by making such other adjustments as 
                          the Secretary considers appropriate.
                      ``(B) Leasing and cost data.--For purposes of 
                  subparagraph (A)(i), leasing and cost data shall be 
                  calculated not less often than biennially by using the 
                  average for the calendar year that, at the time of such 
                  calculation, is the most recently completed calendar 
                  year for which the Secretary determines data is 
                  available, substantially verifiable, and complete. Such 
                  leasing data shall be adjusted to include vouchers that 
                  were set aside under a commitment to provide project-
                  based assistance under subsection (o)(13).
                      ``(C) Moving to work.--Notwithstanding 
                  subparagraphs (A) and (B), each public housing agency 
                  participating at any time in the moving to work 
                  demonstration under section 204 of the Departments of 
                  Veterans Affairs and Housing and Urban Development, and 
                  Independent Agencies Appropriations Act, 1996 (42 
                  U.S.C. 1437f note) or in the Moving to Work program 
                  under section 36 of this Act shall be funded pursuant 
                  to its agreement under such program and shall be 
                  subject to any pro rata adjustment made under 
                  subparagraph (D).
                      ``(D) Pro rata allocation.--
                              ``(i) Insufficient funds.--To the extent 
                          that amounts made available for a fiscal year 
                          are not sufficient to provide each public 
                          housing agency with the full allocation for the 
                          agency determined pursuant to subparagraphs (A) 
                          and (C), the Secretary shall reduce such 
                          allocation for each agency on a pro rata basis, 
                          except that renewal funding of enhanced 
                          vouchers under section 8(t) shall not be 
                          subject to such proration.
                              ``(ii) Excess funds.--To the extent that 
                          amounts made available for a fiscal year exceed 
                          the amount necessary to provide each housing 
                          agency with the full allocation for the agency 
                          determined pursuant to subparagraphs (A) and 
                          (C), such excess amounts shall be used for the 
                          purposes specified in subparagraphs (B) and (C) 
                          of paragraph (4).
              ``(3) Advances.--
                      ``(A) Authority.--During the last 3 months of each 
                  calendar year, the Secretary shall provide amounts to 
                  any public housing agency, at the request of the 
                  agency, in an amount up to two percent of the 
                  allocation for the agency for such calendar year.
                      ``(B) Use.--Amounts advanced under subparagraph (A) 
                  may be used to pay for additional voucher costs, 
                  including costs related to temporary overleasing.
                      ``(C) Repayment.--Amounts advanced under 
                  subparagraph (A) in a calendar year shall be repaid to 
                  the Secretary in the subsequent calendar year by 
                  reducing the amounts made available for such agency for 
                  such subsequent calendar year pursuant to allocation 
                  under paragraph (2) by an amount equal to the amount so 
                  advanced to the agency.
              ``(4) Recapture.--
                      ``(A) In general.--The Secretary shall recapture, 
                  from amounts provided under the annual contributions 
                  contract for a public housing agency for a calendar 
                  year, all amounts allocated under paragraph (2) that 
                  are unused by the agency at the end of each calendar 
                  year.
                      ``(B) Reallocation.--Not later than May 1 of each 
                  calendar year, the Secretary shall--
                              ``(i) calculate the aggregate unused 
                          amounts for the preceding year recaptured 
                          pursuant to subparagraph (A);
                              ``(ii) set aside and make available such 
                          amounts as the Secretary considers appropriate 
                          to reimburse public housing agencies for 
                          increased costs related to portability and 
                          family self-sufficiency activities during such 
                          year; and
                              ``(iii) reallocate all remaining amounts 
                          among public housing agencies that, in the 
                          preceding year, used at least 99 percent of 
                          amounts allocated under paragraph (2) for the 
                          agency and leased fewer than the number of 
                          vouchers authorized for the agency; except that 
                          the Secretary may establish priority for 
                          allocation of such amounts to public housing 
                          agencies that leased fewer vouchers in such 
                          preceding year than in the 12-month period 
                          ending April 1, 2004.
                      ``(C) Use.--Amounts reallocated to a public housing 
                  agency pursuant to subparagraph (B)(iii) may be used 
                  only to increase voucher leasing rates to the level 
                  authorized for the agency.''.
target: Housing Authority Funding Fairness Act of 2007 - Amends the United States Housing Act of 1937 to: (1) repeal tenant-based contract renewals by application of an inflation factor; and (2) authorize FY2008-FY2012 appropriations for tenant-based rental assistance (vouchers).
  
  Prescribes requirements for renewal funding for each public housing agency.
feat_title: To authorize the renewal of tenant-based rental assistance vouchers under section 8 of the United States Housing Act of 1937.