65A - AFFORDABLE HOUSING OPTIONS

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For multi -family rental housing, at least 51 % of the units must be occupied by low- or moderate -income households. Qualified households must have incomes at or below 80% of the AMI. All CDBG-assisted rental units must bring the properties up to local codes and standards. The City monitors rental units through on-site physical inspections, review of tenant files and programmatic requirements, and annual reports. Allocation of funds must go through a competitive RFP process per 24 CFR PART 85 Administrative Requirements for Grants. Project -Based Voucher (PBV) Funds: Project -based vouchers are a component of a public housing authority's (PHA) Housing Choice Voucher Program. A PHA can attach up to 20 percent of its voucher assistance to specific housing units if the owner agrees to either rehabilitate or construct the units, or the owner agrees to set-aside a portion of the units in an existing development. Funding for project -based vouchers comes from funds already obligated by HUD to a PHA under its annual contributions contract (ACC). The PHA can use up to 20 percent of its housing choice vouchers for project based vouchers. Under the tenant -based Housing Choice Voucher Program, the PHA issues an eligible family a voucher and the family selects a unit of its choice. If the family moves out of the unit, the contract with the owner ends and the family can move with continued assistance to another unit. Under the project -based voucher program, a PHA enters into an assistance'contract with the owner for specified units and for a specified term. The PHA refers families from its waiting list to the project owner to fill vacancies. Because the assistance is tied to the unit, a family who moves from the project -based unit does not have any right to continued housing assistance. However, they may be eligible for a tenant based voucher when one becomes available. Allocation of funds must go through a competitive RFP process per 24 § 983.51. 65A-11