Renters living in Project Based Section 8 units pay about 30% of their income for the rent.
Project Based Section 8 is operated by property management companies. Each property manages their own wait list.
Project Based Section 8 wait lists are often closed, and feature moderate-to-long wait times. It is common to wait 6+ months on a list.
With Project Based Section 8 the subsidy usually stays with the building. When a renter moves out they no longer have the rental assistance.
Other project-based programs operate in a similar manner, including: Section 202, Section 236, Section 515 for rural areas, and Section 811.
