Income Based Housing Vs Section 8

Section 8 isn t to be confused with public housing.

Income based housing vs section 8. The hud housing program and the section 8 housing program help lower income families with subsidized rent payments. Income level guidelines vary according to region so section 8 income requirements can vary from one locale to another. While section 8 determines rent for a tenant based on their income 30 percent a public housing development bases rent on an income percentage formula developed by hud. Department of housing and urban development hud has many programs that assist low income families with housing costs.

In other words if you qualify for a tenant based section 8 the housing assistance payments program that implements section 8 of the united states housing act of 1937. Section 8 and section 42 are both types of income based housing. Under the section 8 program project based housing subsidies provide low cost housing for individuals and families who fall within the low to very low income level category. Section 8 deals with private housing while public housing consists of entire developments of government sponsored dwellings.

Hud also requires that section 8 program administrators target families in the extremely low income limit level or 30 percent of the area median income. Voucher you can take that voucher with you from one affordable housing in general housing for which the occupant s is are paying no more than 30 percent of his or her income. Section 8 involves private housing while public housing is comprised of entire developments of government sponsored dwellings. Eligibility for both programs is based on the family s income.

Though the guidelines are similar the application process is very different. A tenant based section 8 voucher can be transferred from one rental unit to another if the tenant chooses to move and follows the proper procedures outlined by the housing authority. Low income renters who qualify will pay less for these apartments than they would with higher earnings. The primary difference is that hud housing units are owned by the federal government and section 8 housing is privately owned but subject to a local housing authority s guidelines.