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Section 8 Project-Based Housing Assistance

Status

Available

Type

Operating

Source

Federal

Procurement Agency

NYC HPD, NYS HCR, NYS Housing Authority

Summary

Project-based Section 8, or Project-based Vouchers (PBV), is HUD-funded rental assistance that is made available to affordable housing developers by local housing authorities or agencies.

Tenant Eligibility Criteria

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.

Eligible Applicants

For-profit and nonprofit developers are eligible to receive Project-Based Vouchers.

Amount Details

Project Based Housing Assistance is based on the local Fair Market Rent (FMR) levels that are determined annually by HUD. Tenants typically pay 30% of their adjusted income and HUD pays the landlord the difference between that and the FMR.

Term

Typically 15 years, with the option to extend for up to 15 years, exercisable at the procurement agency's sole discretion, to the extent permitted by federal regulations.

Network Notes

The PBVs attach to the units identified in the Agreement (the “Contract Units”), not the tenants of the units.

While there is normally no new funding for Project Based Section 8 appropriated by Congress on an annual basis, public housing authorities have the authority to "project-base" up to 20% of their tenant based Section 8 portfolio.

For More Information

See HPD's most recent Project-based Voucher RFP here.

See HCR's 2018 Unified Funding RFP here.

See HUD's website.

In NYC contact

  • NYCHA: Meddy Ghabaee, Supply Management Department – Procurement
  • HPD: Sara Tempel, Director of Policy and Rental Assistance Programs

Outside of NYC: Contact your local public housing authority or NYS Housing and Community Renewal

Last updated: 04/24/2019

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