Project Based Section 8 Apartments

This program can be confused with the section 8 project based voucher pbv program which is managed by a public housing agency as an offshoot of its section 8 housing choice voucher program.

Project based section 8 apartments. The project based voucher pbv program is a discretionary component of the section 8 housing choice voucher hcv program. For section 8 procedures see section 8 regulations at 24 cfr parts 5 402 880 881 883 884 and 886. The pbv attaches rental assistance to specific housing units in properties that are determined to be decent safe and sanitary through the housing quality standards inspection process.

For more information about rad click here. The project based section 8 rental subsidy may be available for every unit in a property or a select number of units in the apartment community. When you move out you no longer have the rental assistance.

In rad units move to a section 8 platform either through conversion to the pbv program or the project based rental assistance program with a long term contract. The hud contract administration section hca serves the state of oregon as the performance based contract administrator pbca for project based section 8 housing. The subsidy stays with the building.

This program can be confused with the section 8 project based voucher pbv program which is managed by a public housing agency as an offshoot of its section 8 housing choice voucher program. Low income households earning 80 or less of the area median income ami with 40 of new admissions required to be extremely low income defined as at or below 30 of ami. Hud provides private owners of multifamily housing either a long term project based rental assistance contract a subsidized mortgage or in some cases both to make units affordable.

The project based section 8 rental subsidy may be available for every unit in a property or a select number of units in the apartment community. Project based section 8 housing is a government funded program that provides rental housing to low income households in privately owned and managed rental units. The project based section 8 program supports apartments within a multifamily building rather than its occupants for the duration of the housing assistance payment hap contract between hud and the property owner.

Most units rental cost will be 30 of your household adjusted gross income. Project based section 8 rental assistance pbra is a public private partnership to maintain affordable rental homes for low income persons. For the renewal of section 8 project based assistance see section 524 of the multifamily assisted housing reform and affordability act of 1997 42 u s c.