Rent Supplements-Rental Housing for Lower Income Families (14.149)

 

Program

14.149 Rent Supplements-Rental Housing for Lower Income Families

 

Federal Agency

Agency: Department of Housing and Urban Development
Office: Office Of Housing-federal Housing Commissioner

 

Authorization

Housing and Urban Development Act of 1965, Public Law 89-117, 12 U.S.C. 1701(s).

 

Program Number

14.149

 

Last Known Status

Active

 

Objectives

To make quality rental housing available to low income families at a cost they can afford.

 

Types of Assistance

DIRECT PAYMENTS FOR A SPECIFIED USE

 

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. Affordability Requirements.

 

Eligibility Requirements

Applicant Eligibility

Eligible sponsors included nonprofit, cooperative, builder-seller, investor-sponsor, and limited-distribution mortgagors.

Beneficiary Eligibility

Families incomes must be within the income limits prescribed for admission to Section 8 housing in order to qualify for benefits under this program. Families may continue in occupancy if 30 percent of monthly income exceeds the market rent.

Credentials/Documentation

Applications for new projects are no longer being accepted. This program is excluded from coverage under OMB Circular No. A-87. This program is excluded from coverage under OMB Circular No. A-87.

 

Application and Award Process

Preapplication Coordination

Preapplication coordination is not applicable. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372.

Application Procedure

This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110. No applications for new projects are being accepted. This program is excluded from coverage under OMB Circular No. A-110.

Award Procedure

None.

Deadlines

Not Applicable.

Range of Approval/Disapproval Time

Not Applicable.

Appeals

Not Applicable.

Renewals

Not Applicable.

 

Assistance Considerations

Formula and Matching Requirements

This program has no statutory formula.

This program has no matching requirements.

This program does not have MOE requirements.

Length and Time Phasing of Assistance

The rent supplement contract is limited to the term of the mortgage or 40 years from the date of the first payment made under the contract, whichever is less. Individual family's assistance ceases when 30 percent of income is equal to or exceeds the market rent. See the following for information on how assistance is awarded/released: Monthly.

 

Post Assistance Requirements

Reports

Audits

This program is excluded from coverage under OMB Circular No. A-133. The Department of Housing and Urban Development reserves the right to audit the accounts of either the mortgagee or mortgagor to determine their compliance and conformance with HUD regulations and standards.

Records

Mortgagees are required to maintain records in accordance with acceptable mortgage practices of lending institutions and the HUD regulations. All tenants who benefit from supplements must have their incomes recertified annually.

 

Program Accomplishments

Not Applicable.

 

Financial Information

Account Identification

86-0129-0-1-604 - Salaries and Expenses (not separately identifiable).

Obligations

(Direct Payments for Specified Use) FY 08 $0; FY 09 est $0; FY 10 est $0

Range and Average of Financial Assistance

No Data Available.

 

Regulations, Guidelines and Literature

Fact Sheet: Rent Supplements, no charge; 24 CFR 215; HUD Handbook 4350.3.

 

Related Programs

Not Applicable.

 

Information Contacts

Regional or Local Office

See Regional Agency Offices. Contact the appropriate HUD Field Office listed in Appendix IV.

Headquarters Office

Beverly J. Miller 451 Seventh St SW, washington, District of Columbia 20410 Email: beverly.miller@hud.gov Phone: 2027083730

Web Site Address

http://www.hud.gov/offices/hsg/mfh/progdesc/progdesc.cfm.

 

Examples of Funded Projects

Not Applicable.

 

Criteria for Selecting Proposals

Not Applicable.