The Project-Based Voucher (PBV) Program is a federal rental assistance program that aids families earning no more than 50% adjusted median income (AMI) through the attachment of rental subsidies to single and multi-family housing units. The rental subsidy is paid by Homes for Good through HUD and reduces an eligible family's monthly housing costs to no more than 30% of adjusted monthly income. Homes for Good invites interested owners to participate in the Project-Based Voucher Program. In the Project-Based Voucher Program, assistance is attached to the physical structure and may be in the form of existing housing, newly constructed housing or rehabilitated housing. The actual selection of the units to be project-based shall also be in full accordance with HUD requirements (24 CFR 983) and with the Homes for Good's Administrative Plan. Homes for Good is limiting the acceptance of proposals to those that include a minimum of 8 PBV units per project site. Proposals for PBV for single family homes will not be accepted. Homes for Good is seeking rental property owners and/or developers who wish to attach federal rental subsidies to new construction/rehabilitation of affordable rental housing that will be ready for occupancy within 18 months following the execution of an Agreement to enter into a Project Based Voucher Housing Assistance Payment Contract (AHAP). It is Homes for Good's intention to solicit proposals from such owners (Proposers), evaluate the qualifications, establish a competitive range, conduct interviews, verify the information presented, and enter into an Agreement with the successful Proposer(s). Homes for Good intends to issue a maximum of 225 Project-Based Housing Choice Vouchers (HCV) to new construction and/or rehabilitation of multifamily affordable housing projects located in Lane County that are owned, or will be acquired or developed, by for-profit, non-profit and/or governmental agencies. These project-based vouchers will be targeted to projects that offer supportive services.
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