The Housing Authority of the City of Long Beach (“HACLB”) is now accepting applications from property owners for a project-based voucher program (“PBV”) under the Section 8 Housing Choice Voucher Program (HCV).
Donor Name: City of Long Beach
State: California
City: Long Beach
Type of Grant: Program
Deadline: 01/09/2023
Details:
Under the PBV Program, HACLB will attach a HCV Housing Assistance Payment (“HAP”) Contract to a unit if the owner agrees to rehabilitate or construct the unit in accordance with regulations for the PBV Program and HUD’s Housing Quality Standards (“HQS”) The rent for each designated unit in the selected structure(s) will be subsidized by HACLB when the owner leases the unit to an eligible family. The purpose of this program is two-fold: (l) to encourage property owners to construct standard or upgrade substandard rental housing stock and (2) to make housing available to low-income families at rents within HUD’s Fair Market Rents for the region.
The Housing Authority is making 200 Project-Based Vouchers available to property owners and developers through a competitive process in accordance with the requirements included within this Request for Proposals (RFP). The RFP solicits the participation of owners who request Project Based Vouchers assistance for either existing, rehabilitated, or new construction. For purposes of this program, a housing unit is existing if at the time of notice of selection, the unit requires less than $1,000 per unit of rehabilitation in order to comply with HUD’s HQS. The Housing Authority intends to select multiple projects under this RFP if the total number of vouchers committed does not exceed 250.
Rehabilitation or new construction of selected projects cannot begin until HACLB and the owner(s) have executed an Agreement to enter into HAP Contract.
Through this RFP, the Housing Authority will offer an allocation of Project Based Vouchers to be committed for designated rental units. Successful Respondents will be offered a contract with an initial term of up to twenty (20) years and an automatic renewal term of 20 years.
For more information, visit City of Long Beach.
