AudioShort Tapes and Materials

The Final Rule on the Section 8 Project-Based Voucher (PBV) assistance program unfetters the program's potential to increase affordable housing preservation in high-quality properties, enhance greater income diversity, and increase substantial rehabilitation and new construction of affordable housing with a minimal amount of micromanagement by HUD. This session features panelists who provide more detailed information about how Housing Agencies can perform work directly or with developers, tax syndicators, affordable housing finance institutions, social service agencies, property managers and attorneys to use the PBV program as a production and preservation tool.

Affordable Housing Preservation and Production:
Among other topics covered are: planning, analyzing, projecting and implementing the funding for construction, and legal strategies to complete substantial rehabilitation and acquisition of existing housing for families, elderly and disabled households. The panel provides information showing the potential of the PBV program to leverage outside resources to produce and preserve more affordable housing. Panelists also provide examples showing the impacts of using the PBV program areas around the country to assist extremely low-income households afford quality units at affordable housing cost burdens.

Funding Policies: Among other topics covered are major changes in HUD policy governing Section 8 rent limits in Low Income Housing Tax Credit ("LIHTC") projects, waiver requests on specific aspects of the final rule, as well as a review of FY 2006 T-THUD Appropriations Act provision which will adjust Housing Agencies’ Section 8 voucher renewal formula to include units that were temporarily off-line because they have been committed for use as project-based vouchers.