Housing 101

Section 8 of the Housing and Community Development Act of 1974

Types of Section 8 New Construction and Substantial Rehabilitation Moderate Rehabilitation Vouchers

At least 75% of households admitted each year must have incomes < 30% of HUD AMI.

Maximum is 50% of HUD AMI

Income limits apply at time of admission.

Burlington MSA 19,100$ Addison County 17,050 Bennington County 16,050 Essex County 15,900 Orange County 15,900 Rutland County 15,900 Washington County 17,700 Windham County 16,250 Windsor County 16,900

Amount of rental assistance is based upon:

Payment Standard90 to 110% of the Fair Market Rent

Family’s Adjusted IncomeIncludes deductions for dependents & child

care costs, elderly and disabled households

Actual Rent and Utility Costs of Apartment

Area 0BR 1BR 2BR 3BR 4BRBurlington-So. Burlington MSA 798 883 1,108 1,418 1,590Addison County 575 720 866 1,139 1,519Bennington County 574 719 837 1,091 1,281Caledonia County 542 563 707 895 927Essex County 560 629 764 974 1,142Lamoille County 566 680 792 1,103 1,391Orange County 604 683 795 1,107 1,141Orleans County 408 564 630 796 1,000Rutland County 518 678 788 1,042 1,333Washington County 570 666 834 1,127 1,261Windham County 675 703 924 1,116 1,151Windsor County 635 711 837 1,139 1,355

2009 FMRs

Example: A single parent earning minimum wage in Washington County with 2 children.

Payment Standard = 110% of 2 BR FMR or $917

Adjusted Monthly Income = $1,265 [minimum wage]

30% of Adjusted Monthly Income = $379

Amount of maximum rental assistance = $917 minus $379 or $538

If a family rents a unit with rent/utility costs that are exactly equal to the Payment Standard, Section 8 pays the landlord the Payment Standard less 30% of the family’s AMI.

Assistance is $538 in our example.

If rent and utilities are below the Payment Standard, the family still pays 30% of the AMI and Section 8 pays the rest.

It is the Section 8 program which saves money when gross rent is less than the Payment Standard.

The Voucher covers the Payment Standard minus 30% of the AMI and the family pays the rest.

In our example, the Voucher pays $538 and the family pays up to 40% of its AMI for rent and utilities.

The family pays more than 30% of AMI when the gross rent is more than the Payment Standard.

AgencyAuthorized

Vouchers

Barre 135 Bennington 207 Brattleboro 187 Burlington 1,511 Hartford 43 Montpelier 122 Rutland 70 Springfield 61 St. Albans 85 Vermont State 3,199 Winooski 320

TOTAL 5,940

Project-based Vouchers

Family Self-Sufficiency

Home Ownership

Targeted Funding Options: Mainstream Housing Opportunities for Persons with

Disabilities Family Unification Veterans Supportive Housing Program (VASH)