Is Hud And Section 8 The Same

These communities are owned by private property management companies or an individual private owner.

Is hud and section 8 the same. By becoming aware of what differentiates each plan families can apply for the right option to meet their needs. Those in need of government assistance to find an affordable home need to understand the differences between the available programs including housing and urban development hud housing and the section 8 the housing assistance payments program that implements section 8 of the united states housing act of 1937. Section 8 is one of the subsidized programs offered through hud.

The section 8 program was authorized by congress in 1974 and developed by hud to provide rental subsidies for eligible tenant families including single persons residing in newly constructed rehabilitated and existing rental and cooperative apartment projects. Program participants pay the higher of 30 of their net income or 10 of their gross income for rent. The pha then pays the landlord the amount equal to the difference between the tenant portion of the rent 30 percent of adjusted income 10 percent of gross income or the portion of welfare assistance designated for housing and the contract rent which must not exceed the hud established fair market rent for the area.

The section 811 supportive housing for persons with disabilities program provides subsidized affordable apartment communities for disabled persons. Section 8 program background information. The rents of some of the residential units are subsidized by hud under the section 8 new construction new construction substantial rehabilitation substantial rehabilitation and or.

The hud housing program and the section 8 housing program help lower income families with subsidized rent payments. These programs work with nonprofit private and government agencies to provide quality low cost housing for people with low to moderate incomes.