Innovative Housing Dev Corp

Purpose: the Department of Housing and Urban Development (hud), Office of Multifamily Housing, Supportive Housing for Persons With Disabilities Program Helps Expand the Supply of Affordable Housing With Supportive Services for Persons With a Disability. the Program Provides Funding, Called a Capital Advance, to Construct, Acquire, or Rehabilitate Multifamily Properties That Serve Project Rental Assistance Contract (PRAC) to Assist Very-low-income Persons With Disabilities Who Is 18 Years of Age or Older and Less Than 62 Years of Age to Live Independently in Group Homes or Integrated Housing Settings With Community-based Support and Services. the Program Targets Vulnerable Persons With Disabilities Who Need Affordable Housing to Effectively Access Community-based Support and Services, Such as Case Management, Housekeeping, and Daily Living Assistance to Successfully Live Independently in the Community. Section 811 Provides Prac Rental Assistance That Covers the Difference Between Hud-approved Operating Costs of the Project and the Tenants’ Contributions Toward Rent, as Well as Direct Funding for Construction Through Capital Advances. Hud Has Traditionally Provided Capital Advance Grants to Nonprofit Sponsors to Help Them Finance the Development of Rental Housing Such as Independent Living Projects, Condominium Units and Small Group Homes With the Availability of Supportive Services for Persons With Disabilities. the Capital Advance Can Finance the Construction, Rehabilitation, or Acquisition With or Without Rehabilitation of Supportive Housing. the Capital Advance Does Not Have to Be Repaid as Long as the Housing Remains Available for Very-low-income Persons With Disabilities for at Least 40 Years.; Activities to Be Performed: Approximately 3,000 Project Rental Assistance Contracts (PRAC) and Project Assistance Contracts (PAC) Provide Rental Assistance Annually to 34,000 Households. Owners Receive Federal Funds From Hud to Administer the Section 811 Rental Assistance Program Through the Prac/pac Contracts. the Owners Accept a Family’s Application for Rental Assistance, Confirms the Family’s Eligibility for Assistance and Selects the Family for Admission in Accordance With the Occupancy Handbook 4350.3 REV-1 (HTTPS://WWW.HUD.GOV/PROGRAM_OFFICES/ADMINISTRATION/HUDCLIPS/HANDBOOKS/HSGH/4350.3). the Family Then Moves Into the Property and Executes the Lease and Agrees to Program Requirements Including Annual Recertification. the Owner Submits for Payment of the Rental Assistance Subsidy Monthly on Behalf of the Participating Family. the Family Pays 30% of Their Adjusted Income in Rent and Utilities and the Prac/pac Contract Pays the Balance of the Contract Rent to the Owner.; Expected Outcomes: the Very-low-income Persons With Disabilities Continue to Live as Independently as Possible in the Community by Subsidizing Rental Housing Opportunities Which Provide Access to Appropriate Supportive Services, and the Owner Remains in Compliance With the Capital Advance Agreement and Prac\pac Contract. Additionally, This Program Helps to Expand the Supply of Integrated Affordable Housing by Providing Funding for the Development of Permanent Supportive Rental Housing for Very-low-income Persons With Disabilities Who Is 18 Years of Age or Older and Less Than 62 Years of Age.; Intended Beneficiaries: Individuals and Families Who Meet the Eligibility Criteria of the Program and Property as Noted in the Occupancy Handbook, 4350.3 REV-1, Chapter 3 (HTTPS://WWW.HUD.GOV/PROGRAM_OFFICES/ADMINISTRATION/HUDCLIPS/HANDBOOKS/HSGH/4350.3) and Summarized Below Are the Intended Beneficiaries of This Program. • Program Eligibility Determines Whether Applicants Are Eligible for Assistance. Program Requirements Include Income Limits, Disclosure of Social Security Numbers, Consent Forms, Restriction on Assistance to Noncitizens, Restrictions on Eligibility of Students for Section 8 Assistance, Mandatory Use of Enterprise Income Verification System (eiv). • Project Eligibility Establishes Whether Applicants Are Eligible to Reside in a Specific Project to Where They Have Applied. Three Things My Affect the Match Between an Applicant and the Applicant’s Eligibility for Occupancy in a Particular Project: 1. the Extent to Which All or Some of the Units in a Project Are Designated for Specific Family Types, Such as Those Who Are Elderly or Disabled; 2. the Project-specific Occupancy Standards Established by the Owner, the Family Size, and the Unit Sizes Available in the Project; and 3. in Some Instances, a Family’s Intention to Lease Using a Housing-choice Voucher Subsidy That May Be Used in Some Projects and Not in Others. • to Qualify to Live in a Section 811 Property, Households Must Be Very-low-income (within 50 Percent of the Median Income for the Area) With at Least One Adult Member With a Disability (such as a Physical or Developmental Disability or Serious Mental Illness) Who Is 18 Years of Age or Older and Less Than 62 Years of Age.; Subrecipient Activities: the Recipient Does Not Intend to Subaward Funds.