“To help PHA address rental market conditions that are creating challenges for mainstream leasing, HUD has awarded both new vouchers and special administrative fees,” HUD said in a statement. . “The $5 million special administrative fee awarded to 88 PHAs in this funding round will reduce costs associated with retaining, recruiting, and supporting Participating Owners, as well as assist with home searches and qualified It can be used to help applicants get their leases up, including security deposits, contract bonuses, vacancy payments, and damage relief, all of which allow PHAs to improve the process and help families We will be able to successfully use mainstream vouchers.”
“People with disabilities have the right to access affordable housing that meets their needs,” said HUD Secretary Marcia Fudge. “Today’s funding is an important step forward, helping more people with disabilities to function as fully integrated members of their communities and live independently and with dignity.”
Can’t keep up with the latest mortgage news? Get exclusive interviews, breaking news and industry events in your inbox and subscribe to our free daily newsletter to stay informed.