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Project Based Vouchers


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Whats New

Subsidy Layer Review (SLR) Draft Notice - Request for Comment (MS-Word)
Disclaimer: This document posted in draft is intended for discussion purposes only. The draft Notice has not yet been approved by officials of the Department of Housing and Urban Development.

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	Overview
	Related Notices and Guidance
	Frequently Asked Questions

Related Information

	Project-Based Voucher Program; Final rule
	Forms and guidance
	PIH Notices

Overview

Project-based vouchers are a component of a public housing agencies (PHAs) housing choice voucher program. A PHA can attach up to 20 percent of its voucher assistance to specific housing units if the owner agrees to either rehabilitate or construct the units, or the owner agrees to set-aside a portion of the units in an existing development. Rehabilitated units must require at least $1,000 of rehabilitation per unit to be subsidized, and all units must meet HUD housing quality standards.

Related Notices and Guidance

Subsidy Layer Review (SLR) Draft Notice - Request for Comment

The Department is seeking comment from all interested persons on this draft Notice which provides Administrative Guidelines that qualified Housing Credit Agencies (HCA) must follow in implementing subsidy layering reviews in accordance with the requirements of Section 2835(a)(1)(M)(i) of the Housing and Economic Recovery Act of 2008. The Department is particularly interested in receiving comments on the following issues:

The basis for the minimum LIHTC price, and whether HUD should set a minimum standard or whether the amount should be controlled by the market.
Whether a maximum debt coverage ratio (DCR) threshold should be established, and if so, what is a reasonable DCR threshold amount.
Whether there are State or Local agencies other than HCAs that may legally perform subsidy layering reviews.

Commenters are requested to explain in detail the basis for all comments provided. All comments must be submitted electronically to the following mailbox hcvslrcomments@hud.gov by Monday, September 28th.

Disclaimer: This document posted in draft is intended for discussion purposes only. The draft Notice has not yet been approved by officials of the Department of Housing and Urban Development. The guidance outlined in this draft Notice is ineffective and shall not be relied upon in performing subsidy layering reviews. Parties that rely on this draft document assume the risk of any and all liability for any damages resulting from such actions. This document does not grant any right to any agency to conduct subsidy layering reviews in accordance with the guidelines herein.

	Subsidy Layer Review (SLR) Draft Notice (MS-Word)
	Appendix E - Subsidy Layering Analysis Form (MS-Excel)

Frequently Asked Questions

Project Based Vouchers – FAQs

Content current as of 11 September 2009

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