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Project-Based Section 8 Rental Assistance FAQ

Published on January 5, 2018

Project-Based Section 8 Rental Assistance FAQWhat is Project-Based Section 8 Rental Assistance?
Project-based Section 8 rental assistance (PBRA) is a public-private partnership to build and 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.

 

This vital program supports the affordable housing stock and maintains and protects the long-term historic federal investment in these assets, which would be costly to recreate. PBRA contracts provide subsidies for affordable multifamily rental developments to lower rental costs for low-income families and to help offset construction, rehabilitation, and preservation costs.

The Project-Based Section 8 Rental Assistance FAQ (last updated January 2018) covers the following:

  • What is Project-Based Section 8 Rental Assistance?
  • Whom does PBRA serve?
  • Why is PBRA necessary?
  • How does PBRA work?
  • What is the economic impact of PBRA?
  • Who administers PBRA?
  • What is the current funding level for PBRA?
  • What should Congress do to improve PBRA?
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