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HUD Section 8 Project-Based Housing Assistance

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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), are 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 Housing Assistance.

Amount

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 20 years, with the option of pre-paying the mortgage and opting out sooner.

Network Notes

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.

Contact

Contact your local public housing authority or NYS Housing and Community Renewal

Last updated: 08/28/2019

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