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Rent Supplements_Rental Housing for Lower Income Families

Rent Supplements_Rental Housing for Lower Income Families
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USES AND USE RESTRICTIONS
        HUD makes payments to owners of approved HUD-insured and non-insured multifamily rental housing projects to supplement the partial rental payments of eligible tenants. Rental projects were required to be part of an approved workable program for community improvement or be approved by local government officials. Assistance covers the difference between the tenant's payment and the basic market rental, but may not exceed 70 percent of the market rental. The tenant's payment is between 25 and 30 percent of monthly adjusted income or 30 percent of market rental, whichever is greater. This program is inactive. No new projects are being approved; however, tenants may apply for admission to existing projects.

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Rent Supplements_Rental Housing for Lower Income Families

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