PROGRAM OBJECTIVES:
To retain critical affordable housing resources represented by the supply of FHA-insured Section 8 assisted housing and maintain it in good physical and financial condition while, at the same time, reducing the cost of the ongoing Federal subsidy. In carrying out the Program, HUD works with willing participating administrative entities (PAEs), owners and lenders to reduce Section 8 rents and operating expenses to true market levels and also provide for the project's capital improvement needs.

ELIGIBLE FUNCTIONAL CATEGORIES:
1. HOUSING;
- Cooperatives, Rental;
- Multifamily;

WHO CAN BENEFIT FROM THIS PROGRAM:
- Small Business Person;
- Homeowner;

WHO CAN APPLY:
- Individual/Family;
- Small business (less than 500 employees);