The Project-Based Assistance Program (PBA) is designed to encourage property owners to construct new or upgrade existing rental units for low-income families. The Housing Authority may choose to provide Section 8 PBA rental assistance for up to 20% of funding provided under the Housing Choice Voucher program. The HADC PBA program is private subsidized housing in safe and affordable apartment communities for low to moderate income families who are elderly, and/or disabled.
HADC selects projects for PBA through a competitive Request For Proposals (RFP) evaluation process. Upon HADC project award, HADC executes an agreement with the complex owner/manager to enter into a Housing Assistance Payments (HAP) Contract.
As in the Moderate Rehabilitation Program, the owner can then use the agreement to help acquire financing for development costs and begin work. When the project is ready for occupancy, the Housing Authority and the owner execute a HAP Contract which can be renewed to provide up to five years of rental assistance.
The rental subsidy in the PBA program is attached to the units in the complex. As long as a tenant eligible for Section 8 assistance remains in the unit during the term of the Contract, he/she receives the rental subsidy. They can take their assistance and leave after being in the unit for at least year.