Project-Based Section 8 Rental Assistance FAQ
What 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?