CHFA administers contracts for these Section 8 properties:
- Performance-Based Contract Administration PBCA
properties – 272 contracts, most of which CHFA began administering in 2001.
- 21 moderate rehabilitation properties.
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.