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The Section 8 Program

The Section 8 Program. Housing 101. Short History Lesson. Section 8 of the Housing and Community Development Act of 1974 Types of Section 8 New Construction and Substantial Rehabilitation Moderate Rehabilitation Vouchers. Section 8 Voucher Eligibility.

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The Section 8 Program

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  1. The Section 8 Program Housing 101

  2. Short History Lesson Section 8 of the Housing and Community Development Act of 1974 Types of Section 8 • New Construction and Substantial Rehabilitation • Moderate Rehabilitation • Vouchers

  3. Section 8 Voucher Eligibility • At least 75% of households admitted each year must have incomes < 30% of HUD AMI. • Maximum is 50% of HUD AMI • Income limits apply at time of admission.

  4. 30% of HUD AMI

  5. How Much Rent Do Vouchers Cover? Amount of rental assistance is based upon: • Payment Standard 90 to 110% of the Fair Market Rent • Family’s Adjusted Income Includes deductions for dependents & child care costs, elderly and disabled households • Actual Rent and Utility Costs of Apartment

  6. Calculation of Assistance Example: A single parent earning minimum wage in Washington County with 2 children. Payment Standard = 110% of 2 BR FMR or $917 Adjusted Monthly Income = $1,265 [minimum wage] 30% of Adjusted Monthly Income = $379 Amount of maximum rental assistance = $917 minus $379 or $538

  7. When Gross Rent = Payment Standard • If a family rents a unit with rent/utility costs that are exactly equal to the Payment Standard, Section 8 pays the landlord the Payment Standard less 30% of the family’s AMI. • Assistance is $538 in our example.

  8. When Rent/Utilities < Payment Standard • If rent and utilities are below the Payment Standard, the family still pays 30% of the AMI and Section 8 pays the rest. • It is the Section 8 program which saves money when gross rent is less than the Payment Standard.

  9. When Rent/Utilities > Payment Standard • The Voucher covers the Payment Standard minus 30% of the AMI and the family pays the rest. • In our example, the Voucher pays $538 and the family pays up to 40% of its AMI for rent and utilities. • The family pays more than 30% of AMI when the gross rent is more than the Payment Standard.

  10. Other Section 8 Elements • Project-based Vouchers • Family Self-Sufficiency • Home Ownership • Targeted Funding Options: • Mainstream Housing Opportunities for Persons with Disabilities • Family Unification • Veterans Supportive Housing Program (VASH)

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