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Section 8 Housing Choice Voucher Program

Program (?) Section 8 Housing Choice Voucher Program
Alternative Name(s) Housing Choice Vouchers; Section 8 Leased Housing
Abbreviation HCV
Program Description

Created under the Housing and Community Development Act of 1974, the HCV Program is a nationwide program that provides rental assistance and a homeownership option to low-income households. Under the program, assisted households are not confined to units located in subsidized housing developments, but have the option to use vouchers to find suitable housing in the private rental market. Upon receiving a voucher, eligible households are responsible for paying 30 percent of their annual income towards the apartment rent. Voucher payments are made by HPD, HCR, or NYCHA to building owners for the remaining gap between the family’s payment and the market rent (a capped amount). This gap and subsequent subsidy is known as the Housing Assistance Payment, which varies depending on the income of the family or individual and the approved rent or mortgage amount for the unit. In New York City, a small number of Section 8 HCV was used for homeownership payments by HPD in partnership with Neighborhood Housing Services of NYC. HCR also has a small program for homeownership assistance.

HUD provides HCV grants to local public housing authorities, which in turn make housing assistance payments on behalf of the households. HUD also pays the PHA a fee for the costs of administering the program. In New York, HCR runs a statewide program of Section 8 Housing Choice Vouchers, NYCHA distributes vouchers to New York City residents for use in the private market, and HPD uses vouchers in conjunction with its affordable housing preservation and development programs.

Benefit Classification (?)  
Supply or Demand Demand
One-Time or Ongoing Ongoing
Benefit Type (?) Grant
Government Agency (?) US Dept of Housing and Urban Development
Program Information (?)  
Scale Very Large Scale (over 10,000 units produced)
Timeframe 1974-Present
Developer/Owners (?) For-Profit, Non-Profit, Tenant
Property Information (?)  
Property Occupancy Occupied
Property Type Building
Building Type Multi-family, One- to Four-family
Occupant Tenure (?) Rental
Occupant Income Restrictions (?) Low-Income
More Information NYS HCR
Available on CoreData.nyc? No

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