Whats the difference between tenant-based and project-based Section 8?
Tenant-based vouchers are attached to you as a tenant. A project-based voucher is attached to a particular property. If you live in a unit with a project-based voucher and you move, the Section 8 stays with the property and the next tenant uses the voucher. With a tenant-based voucher, you can take it anywhere as long as the home you wish to rent accepts Section 8 and meets the standards of the Section 8 program.
Tenant-based vouchers are attached to you as a tenant. A project-based voucher is attached to a particular property. If you live in a unit with a project-based voucher and you move, the Section 8 stays with the property and the next tenant uses the voucher. With a tenant-based voucher, you can take it anywhere as long as the home you wish to rent accepts Section 8 and meets the standards of the Section 8 program. Can I use Section 8 to pay my monthly mortgage payment if I buy a home? Recently, the Section 8 program was modified to allow Section 8 to help pay mortgage payments for qualified first-time homebuyers. To qualify, you must be a first-time homebuyer, have a household income of at least $10,300, been continuously employed for one-year (except for elderly or disabled persons), attend a homeownership counseling course and meet any other restrictions imposed by the local housing authority. Local public housing authorities may choose to implement a homeownership voucher program if
