Content provided by the Catalog of Federal Domestic Assistance
14.195 Section 8 Housing Assistance Payments Program_Special Allocations
OFFICE OF HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
United States Housing Act of 1937, Section 8(c)(9).
To reduce claims on the Department's insurance fund by aiding projects with FHA-insured or Secretary-held mortgages that have immediate or potentially serious financial difficulties.
TYPES OF ASSISTANCE:
USES AND USE RESTRICTIONS:
The assistance is paid by HUD to the owner of an assisted unit on behalf of an eligible family. The payment is the difference between the contract rent and the tenant rent. Assistance is currently available only on a renewal basis, i.e., projects currently assisted may receive a 1-year renewal, or multiple years, up to twenty years, upon expiration of the Section 8 contract.
Applicant Eligibility: No funding is available to new applicants. Funding is currently available only for the owners of record of projects with an existing expiring project-based Section 8 contract. The project must meet minimum decent, safe, and sanitary standards.
Pre-application Coordination: This program is excluded from coverage under E.O. 12372.
Formula and Matching Requirements: Not applicable.
POST ASSISTANCE REQUIREMENTS:
Reports: The owner must submit to HUD within 60 days after the end of each fiscal year of the project, financial statements for the project audited by an Independent Public Accountant and other statements as to project operation, financial conditions and occupancy.
Account Identification: 86-0319-0-1-604; 86-0164-0-1-604; 86-0311-0-1-604; 86-0316-0-1-604.
There were approximately 1.5 million families assisted in fiscal year 2001.
REGULATIONS, GUIDELINES, AND LITERATURE:
HUD Section 8 Renewal Policy Guide (1/19/01); CFR Part 886 - Section 8 Housing Assistance Payments Program_Special Allocations.
Regional or Local Office: See Regional Agency Offices. Persons may contact local field offices listed in Appendix IV of the Catalog.
EXAMPLES OF FUNDED PROJECTS:
Projects with HUD-insured mortgages; projects with HUD-held mortgages; projects with non-insured mortgages; projects with Section 202 Direct Loans.
CRITERIA FOR SELECTING PROPOSALS: