Section 8 Rental Voucher Program
From Wikinvestor
The Section 8 Rental Voucher Program increases affordable housing choices for very low-income households by allowing families to choose privately owned rental housing. The public housing authority (PHA) generally pays the landlord the difference between 30 percent of household income and the PHA-determined payment standard-about 80 to 100 percent of the fair market rent (FMR). The rent must be reasonable. The household may choose a unit with a higher rent than the FMR and pay the landlord the difference or choose a lower cost unit and keep the difference.
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Contents |
Application
Housing authorities apply for funding by responding to Notices of Funding Availability (NOFAs) published in the Federal Register. Each NOFA identifies allocation areas, amounts of funds available per area, and the selection criteria for rating and ranking applications.
Funding Status
Currently, HUD is not accepting new applications; it is only extending expiring commitments and vouchers dedicated for special purposes. HUD spent an estimated $15.5 billion for all Section 8 programs in fiscal year (FY) 1996 and $16.7 billion in FY 1997.
Technical Guidance
The Section 8 Rental Voucher Program is authorized by the U.S. Housing Act of 1937, Section 8(b) (1) for existing housing and Section 8(o) for vouchers. Regulations are found in 24 CFR Part 982. It is administered by HUD's Office of Public and Indian Housing.
More Information
Additional information can be obtained by contacting HUD's Office of the Deputy Assistant Secretary for Public and Assisted Housing Operations, Office of Rental Assistance. Or refer to HUD's Homes for links to additional information to serve the needs of low-income households. For information about the Section 8 Rental Voucher Programs.
Success Stories
As of September 30, 1996, approximately 400,000 families were being assisted by the voucher program. For examples of success stories, see Tenant-Based Housing Assistance Works (#6584); Section 8 Rental Voucher and Rental Certificate Utilization Study: Final Report (#6505), Office of Policy Development and Research; or Learning From Each Other: New Ideas for Managing the Section 8 Certificate and Voucher Program (#7341). All are available from HUDUSER.
