• Performance-Based Contract Administration PBCA properties – 210 contracts, most of which CHFA began administering in 2001.
• Annual Contributions Contract ACC properties – 70 new construction and sub-rehab, and 22 moderate rehabilitation properties. CHFA has administered contracts for ACC properties for the past 27 years. When the properties’ HUD Section 8 contracts expire, the contracts will be renewed using the new performance-based contracts.

About Section 8

Through the federal Section 8 Housing Assistance Payments (HAP) program, eligible low income tenants pay 30% of their adjusted income toward rent and utilities. The United States Department of Housing and Urban Development (HUD) subsidizes the remainder of the rent.

To be eligible to live in a Section 8 property, a family must have a gross income of less than 30% of the area median income. To find out if a family is eligible, refer to the most recently available current income and income limits.

Multifamily properties participating in this federal program are called Section 8 project-based rental facilities. CHFA is the contract administrator for many of these properties in Colorado.