Rent Supplements_Rental Housing for Lower Income Families

 

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

General information about this opportunity
Last Known Status
Active
Program Number
14.149
Federal Agency/Office
Agency: Department of Housing and Urban Development
Office: Office of Housing-Federal Housing Commissioner
Type(s) of Assistance Offered
DIRECT PAYMENTS FOR A SPECIFIED USE
Program Accomplishments
Not Applicable.
Authorization
Housing and Urban Development Act of 1965, Public Law 89-117, 12 U.S.C. 1701(s).
Who is eligible to apply/benefit from this assistance?
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.
What is the process for applying and being award this assistance?
Pre-Application Procedure
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.
Award Procedure
None.
Deadlines
Not Applicable.
Approval/Disapproval Decision Time
Not Applicable.
Appeals
Not Applicable.
Renewals
Not Applicable.
How are proposals selected?
Not Applicable.
How may assistance be used?
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.
What are the requirements after being awarded this opportunity?
Reporting
No reports are required.
Auditing
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. Program is subject to IG Handbook 2000.4 "Consolidated Audit Guide for Audits of HUD Programs" .
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.
Other 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.
Who do I contact about this opportunity?
Regional or Local Office
See Regional Agency Offices. Contact the appropriate HUD Field Office listed in Appendix IV.
Headquarters Office
Brandt T. Witte 451 7th Street, SW, washington, District of Columbia 201410 Email: Brandt.T.Witte@hud.gov Phone: 2024022614
Website Address
http://www.hud.gov/offices/hsg/mfh/progdesc/progdesc.cfm.
Financial Information
Account Identification
86-0129-0-1-604 - Salaries and Expenses (not separately identifiable).
Obligations
(Salaries) FY 13 $372,000,000; FY 14 est $334,000,000; and FY 15 est $318,000,000 - Salaries and Expenses not separately identifiable.
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.
Examples of Funded Projects
Not Applicable.

 



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