Project-Based Rental Assistance

E511901

Project-Based Rental Assistance is a federal housing subsidy program that provides long-term, property-tied rental assistance to make specific affordable housing units financially accessible to low-income tenants.

All labels observed (2)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf federal housing subsidy program ⓘ
rental assistance program ⓘ
administeredBy HUD Office of Multifamily Housing Programs ⓘ
U.S. Department of Housing and Urban Development ⓘ
appliesTo multifamily rental housing properties ⓘ
privately owned subsidized housing ⓘ
assistanceType deep subsidy ⓘ
project-based rental assistance ⓘ
benefits provides stable operating income to property owners ⓘ
reduces tenant rent payments to an affordable portion of income ⓘ
contractParties HUD ⓘ
private or nonprofit property owner ⓘ
contractType HAP contract ⓘ
Housing Assistance Payments contract ⓘ
country United States ⓘ
distinctFrom Housing Choice Voucher Program ⓘ
tenant-based rental assistance ⓘ
duration long-term contracts subject to renewal ⓘ
eligibilityCriterion citizenship or eligible immigration status requirements ⓘ
household income limits set by HUD ⓘ
tenant selection policies of the assisted property ⓘ
fundingSource HUD Section 8 account ⓘ
federal appropriations ⓘ
legalBasis Section 8 of the U.S. Housing Act of 1937 as amended ⓘ
linkedTo specific housing units ⓘ
oftenCombinedWith FHA-insured multifamily mortgages ⓘ
Low-Income Housing Tax Credit financing ⓘ
oversight HUD performance-based contract administrators ⓘ
state housing agencies acting as contract administrators ⓘ
policyGoals preserve affordable housing stock ⓘ
prevent homelessness among low-income renters ⓘ
support mixed-income and stable communities ⓘ
purpose to make specific affordable housing units financially accessible to low-income tenants ⓘ
regulates maximum contract rents for assisted units ⓘ
relatedProgram Project-Based Voucher program ⓘ
Section 8 New Construction program ⓘ
Section 8 Substantial Rehabilitation program ⓘ
rentFormula HUD pays the difference between tenant payment and contract rent ⓘ
tenant generally pays 30 percent of adjusted income for rent ⓘ
requires annual income recertification of tenants ⓘ
compliance with HUD housing quality standards ⓘ
regular property inspections ⓘ
subsidyStructure long-term rental subsidy ⓘ
property-tied rental subsidy ⓘ
targetPopulation low-income households ⓘ
very low-income households ⓘ
tenantMobility assistance does not automatically move with the tenant ⓘ
tenantRights tenants are protected by HUD occupancy and termination rules ⓘ
tenants have leases with property owners ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Project-Based Voucher Program → relatedProgram → Project-Based Rental Assistance ⓘ
Capital Fund Program → relatedProgram → Rental Assistance Demonstration ⓘ
linked to: Project-Based Rental Assistance