Project-based Section 8 rental assistance (PBRA) is a public-private partnership to maintain affordable rental homes for low-income persons. HUD provides private owners of multifamily housing either a long-term project-based rental assistance contract, a subsidized mortgage, or in some cases both, to make units affordable. PBRA makes up the difference between market rents and what low-income tenants can afford, based on paying 30 percent of household income for rent.
HFAs and Project-Based Section 8
PBRA contracts are administered by HUD and state and local housing authorities. Many contract administrators are Section 8 Performance-Based Contract Administrators (PBCAs) under a program HUD developed to assign some contract administration duties to state and local housing authorities, while maintaining HUD oversight. Currently, 36 state Housing Finance Agencies (HFAs) serve as PBCAs. PBCAs provide direct oversight and monitoring of the financial and physical condition of project-based Section 8 properties.
HUD is now developing plans to procure PBCA contracts, a large and complicated endeavor. Advocating for enough HUD funding to honor existing project-based assistance commitments is one of NCSHA’s Legislative Priorities. Another priority is to promote HFA interests in HUD’s PBCA program and ensure that HUD recognizes HFAs’ proven capacity and track record to serve as PBCAs.
For more information on NCSHA’s Project Based Section 8 Rental Assistance advocacy, contact Althea Arnold, Legislative & Policy Associate, at firstname.lastname@example.org. Members of the media should contact Lisa Bowman, Director of Marketing and Communications, at email@example.com.
- March 22, 2018FY 2018 Omnibus Spending Bill Includes Significant Victories for HOME, Housing Credit, and Other Affordable Housing Programs
The House today approved a $1.3 trillion omnibus spending bill to fund the federal government for the remainder of Fiscal Year (FY) 2018.
- March 20, 2018NLIHC Report Spotlights Affordable Rental Housing Shortage
According to the recent NLIHC study, there are 11.2 million extremely low-income (ELI) renter households in the United States — nearly 26 percent of all renter households and almost 10 percent of all households.
- February 9, 2018Trump Administration Releases FY 2019 Budget Proposal Eliminating HOME and Other Federal Housing Programs
On February 12, the Administration sent Congress its formal Fiscal Year (FY) 2019 Budget request, “Efficient, Effective, Accountable: An American Budget”.
Project Based Section 8 Rental Assistance - Resources
- March 13, 2018National Low Income Housing Coalition Report on the Shortage of Affordable Rental Homes
Each year, the National Low Income Housing Coalition (NLIHC) measures the availability of rental housing affordable to extremely low income households and other income groups. Based on the American Community Survey Public Use Microdata Sample (ACS PUMS), The Gap presents data on the affordable housing supply and housing cost burdens at the national, state, and
- May 16, 2016Enterprise and JCHS: Projecting Trends in Severely Cost-Burdened Renters: 2015–2025
At last measure in 2013, over one in four renters, or 11.2 million renter households, were severely burdened by rents that took up over half their incomes.
- May 16, 2016JCHS: The State of the Nation’s Housing 2015
One telling indicator of the state of the nation’s housing is the drop in the homeownership rate to just 64.5 percent last year, erasing nearly all of the increase in the previous two decades. The number of homeowners fell for the eighth straight year, signaling persistently weak demand in this key market segment. And the trend does not appear to be abating, with the national homeownership rate down to 63.7 percent in the first quarter of 2015.