Understanding Project-Based Rental Assistance
Understanding Project-Based Rental Assistance
Jessie Cassella National Housing Law Project
March 22, 2018
Agenda
? What is project-based rental assistance (PBRA)? ? How does PBRA differ from other HUD housing programs? ? How are PBRA owners restricted and overseen by HUD?
2
What is project-based rental assistance (PBRA)?
3
What is project-based rental assistance (PBRA)?
PBRA is a type of HUD housing program where HUD directly contracts with private landlords to provide affordable homes to
low-income tenants at certain properties
4
Types of HUD "Multifamily" Housing Programs
Mortgage Programs
? Loans and mortgage insurance (with low interest rates) from HUD to private owners to build and manage affordable housing
? Loans include rent and use restrictions for a certain number of years (~40-50 years)
? Ex: Section 236 program, Section 202 program
Rental Assistance Contracts
? Contract between HUD/public housing authority and private owner to provide rental assistance for low-income residents
? Rental assistance supplements what the resident pays for rent
? Ex: Project-based section 8, project-based vouchers, Moderate Rehabilitation program, Rent Supplement program, Rental Assistance Payment program
Total Rent for the Unit
Rental assistance provided by the government
Resident's rent (usually 30% of income)
5
Terminology
HUD multifamily housing Project-based rental assistance (PBRA)
Project-based
Rental
Section 8
Assistance
Project-Based
Moderate
Payment (RAP) Rent Supplement
Vouchers Rehabilitation (Rent Supp)
(PBVs) (Mod Rehab)
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Who lives in PBRA homes?
? 1.2 million units house over 2 million low-income residents ? Residents must be "low-income" (< 80% of AMI)
? Average annual household income = $12,505 ? 96% of tenants are considered "very low income" (62 years old) ? 17% have family member who experiences a disability ? 55% residents of color (34% Black, 15% Hispanic, 5%
Asian/Pacific Islander, 1% Native American)
? Average stay: 7.5 years
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How does PBRA differ from other HUD housing programs?
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