Project-Based Voucher Program

The Project-Based Voucher Program is a housing assistance initiative where government-funded vouchers are tied to specific rental properties. Instead of receiving a flexible voucher to choose any housing, eligible tenants have their rent subsidized at designated apartment complexes or buildings. Landlords partner with the program, agreeing to rent units at affordable rates, and the subsidy helps cover the difference between the tenant’s rent and the market rate. This approach encourages stability in particular communities and ensures that affordable housing options are available in designated locations, providing tenants with assistance while promoting neighborhood development.