Project-Based Rental Assistance
E511901
Project-Based Rental Assistance is a federal housing subsidy program that provides long-term, property-tied rental assistance to make specific affordable housing units financially accessible to low-income tenants.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
federal housing subsidy program
ⓘ
rental assistance program ⓘ |
| administeredBy |
HUD Office of Multifamily Housing Programs
NERFINISHED
ⓘ
U.S. Department of Housing and Urban Development NERFINISHED ⓘ |
| appliesTo |
multifamily rental housing properties
ⓘ
privately owned subsidized housing ⓘ |
| assistanceType |
deep subsidy
ⓘ
project-based rental assistance ⓘ |
| benefits |
provides stable operating income to property owners
ⓘ
reduces tenant rent payments to an affordable portion of income ⓘ |
| contractParties |
HUD
NERFINISHED
ⓘ
private or nonprofit property owner ⓘ |
| contractType |
HAP contract
ⓘ
Housing Assistance Payments contract ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| distinctFrom |
Housing Choice Voucher Program
NERFINISHED
ⓘ
tenant-based rental assistance ⓘ |
| duration | long-term contracts subject to renewal ⓘ |
| eligibilityCriterion |
citizenship or eligible immigration status requirements
ⓘ
household income limits set by HUD ⓘ tenant selection policies of the assisted property ⓘ |
| fundingSource |
HUD Section 8 account
ⓘ
federal appropriations ⓘ |
| legalBasis | Section 8 of the U.S. Housing Act of 1937 as amended NERFINISHED ⓘ |
| linkedTo | specific housing units ⓘ |
| oftenCombinedWith |
FHA-insured multifamily mortgages
ⓘ
Low-Income Housing Tax Credit financing ⓘ |
| oversight |
HUD performance-based contract administrators
ⓘ
state housing agencies acting as contract administrators ⓘ |
| policyGoals |
preserve affordable housing stock
ⓘ
prevent homelessness among low-income renters ⓘ support mixed-income and stable communities ⓘ |
| purpose | to make specific affordable housing units financially accessible to low-income tenants ⓘ |
| regulates | maximum contract rents for assisted units ⓘ |
| relatedProgram |
Project-Based Voucher program
ⓘ
Section 8 New Construction program NERFINISHED ⓘ Section 8 Substantial Rehabilitation program ⓘ |
| rentFormula |
HUD pays the difference between tenant payment and contract rent
ⓘ
tenant generally pays 30 percent of adjusted income for rent ⓘ |
| requires |
annual income recertification of tenants
ⓘ
compliance with HUD housing quality standards ⓘ regular property inspections ⓘ |
| subsidyStructure |
long-term rental subsidy
ⓘ
property-tied rental subsidy ⓘ |
| targetPopulation |
low-income households
ⓘ
very low-income households ⓘ |
| tenantMobility | assistance does not automatically move with the tenant ⓘ |
| tenantRights |
tenants are protected by HUD occupancy and termination rules
ⓘ
tenants have leases with property owners ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.