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Directory of NYC Housing Programs

Homeownership and Opportunity for People Everywhere IV (HOPE IV)

The HOPE IV program is a demonstration that combines rental assistance with case management and supportive services to help very low-income, seniors remain in an independent living environment and to prevent their premature placement in nursing homes. This program is limited to those public housing agencies (PHAs) that were selected to participate in the original demonstration. US Departmant of Housing and Urban Development (HUD) has not provided any new funding for this demonstration since fiscal year (FY) 1993. HOPE IV provides grants for Section 8 rental vouchers and supportive services to income-qualified, seniors. HUD provides 40 percent of the supportive services costs, grantees must provide funds for 50 percent, and participants pay 10 percent, provided that this does not exceed 20 percent of the participant’s income. In the rental voucher program, PHAs pay the property owner a subsidy that is the difference between the tenant portion of the rent (30 percent of adjusted income) and the HUD-established fair market rent for the area. Assisted households may continue to receive that Section 8 subsidy as long as they remain eligible.

Program Information Help Icon

  • Alternative Name(s): HOPE for Elderly Independence
  • Supply/Demand: Demand
  • Category: Rental Subsidies and Assistance
  • Scale: Small Scale (between 1 and 999 units)
  • Timeframe: 1993 - 1993
  • Occupancy tenure: Rental
  • Building Type: Multi-family
  • Developers/Owners: Government
  • Income Restrictions: Very Low-income
  • Special Populations: Seniors

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