Project Based Section 8
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Federally funded rental assistance program that guarantees rental payments to private landlords who rent to low-income households.
With Section 8 Project-Based Rental Assistance (PBRA), tenants pay 30% of monthly income for rent, with HUD paying the owner the remainder up to the area's Fair Market Rent (FMR).
Unlike the Section 8 Housing Choice Voucher program, the assistance is tied to the unit. Households only benefit from the assistance during their tenancy.