The Section 236 program is an indirect subsidy to the development provided by HUD in the form of an Interest Reduction on the mortgage. Residents are required to certify annually with the managing agent. A 50059 form will be completed and become an attachment to the lease agreement. Residents under this program will pay a minimum of the basic rent not to exceed the market rent

SECTION 8  Program Voucher/Certificate

This Section 8 is provided and administered through outside agency. Each resident will be required to complete the annual certification process with this agency to determine their portion of rent. Qualifying households will pay a maximum of 30% of their gross monthly income for rent. HUD will pay the remaining 70% of the rent on their behalf.

SECTION 8 HUD Project Based

Each resident will be required to complete the annual certification process with the on-site management to determine their portion of rent. Qualifying households will pay a maximum of 30% of their gross monthly income for rent. HUD will pay the remaining 70% of rent on their behalf. Households are required to report a change in household composition or household income when it increases by $40.00 per month.

SECTION 42 Subsidy Program

The Section 42 program is an indirect subsidy program. Owners of the development are required to rent to households within the income guidelines established annually. Annual certifications are required and are completed by the managing agent.

Please contact site staff for more information regarding program compliance
requirements for each site and resident

 

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