The Agency has established a Subsidy Unit within the Finance Division designed to manage the financial responsibilities identified in contracts between HUD and the Agency. Record the cash receipts and disbursements for all HUD subsidize projects. Administer Section 8 disbursements, forecast subsidy appropriations and monitor HUD regulations. Interface with banks, building managers, HUD, auditors, etc. Section 8 Rental Vouchers and Rental Certificates Rental assistance is provided on behalf of the family or individual.
Participants are able to find and rent privately owned housing.
A rental subsidy is paid directly to the landlord on behalf of the participating family. The family then pays the difference between the actual rent charged by the landlord and the amount subsidized by the program. The Section 8 Voucher and Certificate programs are considered Tenant Based Subsidies. Total contract rent, including utilities may not exceed the maximum rent. The HA determines the rental assistance a family will receive, but does not affect the amount of rent a landlord may charge or the family may pay.