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HOUSING CHOICE VOUCHER PROGRAM (HCV)
The federally funded Housing Choice Voucher Program (Section 8), is voluntary for both landlords and tenants. It helps eligible families of lower income with their monthly rent payments.
How it works:
A family whose household income is fifty percent or less of the area's medium household income (AMI) is qualified to participate in the program from the Longmont Housing Authority. Through a Housing Assistance Payment (HAP) contract, directly monthly payments are made to the landlord/property owner as a portion of the tenant's monthly rent payment. After allowances are made for utilities not included in the rent, the HAP makes up the difference in total amount due.
If thirty percent of a family's gross monthly income is $600.00, and rent (including utilities) for the selected apartment is $1,600.00 per month, the tenant pays the landlord $600.00 and the remaining $1,000.00 is paid to the landlord by the Longmont Housing Authority through the Housing Choice Voucher Program.
PROJECT BASED VOUCHERS (PBV)
The Longmont Housing Authority currently administers unit-based housing assistance in the following properties: The Briarwood Apartments (0 bedroom), Fall River Apartments (1-2 bedrooms for ages 62+), Aspen Meadows Neighborhood (2-4 bedroom townhomes), and Crisman Apartments (0 bedroom).
Applicants will be selected for the waiting list using a computer generated lottery system. LHA will estimate the number of applicants that may be housed within a year and that number will be the number of applicants placed on the waiting list. It is not guaranteed that all applicants will be included in the selection. Once each application has been randomly assigned a number, the applications will be placed on the waiting list in order of the assigned numbers according to LHA preferences (s).
All applicants placed on the waiting list will be removed every year and the waiting list will be reopened for a new lottery.
Housing Choice Voucher Portability
A family may either remain in their present rental unit or move to another.
1. Owners determine the security deposit. The security deposit cannot exceed one month's rent.
2. The minimum lease length is one year (the majority of leases under the program are written for this length of time).
3. The unit must be in decent, safe and sanitary condition.
4. Under the Housing Choice Voucher Program, the family's share of gross rent must not exceed forty percent of the family's monthly-adjusted income. This rent restriction will not apply to a family that rents a unit for a gross rent at or below the Payment Standard for the family. The Longmont Housing Authority will not approve a tenancy for initial occupancy of a unit if the family's share would exceed forty percent of adjusted income. There are Payment Standards for calculating subsidies for the Housing Choice Voucher Program based on the size of the household.
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