Applicant Eligibility: Eligible sponsors included nonprofit, cooperative, builder-seller, investor-sponsor, and limited-distribution mortgagors. Beneficiary Eligibility: Families must be within the income limits prescribed for admission to Section 8 housing in order to qualify for benefits under this program. Families may continue in occupancy if 30 percent of monthly income exceeds the market rent. Credentials/Documentation: Applications for new projects are no longer being accepted. This program is excluded from coverage under OMB Circular No. A-87. APPLICATION AND AWARD PROCESS: Preapplication Coordination: The sponsor arranged a preapplication conference with the local HUD Field Office to determine the need for rent supplement assistance to the project before a formal application is submitted. Applications for new projects and unit increases for existing projects are no longer being accepted. All existing FHA-insured projects are being converted to the Section 8 Housing Assistance Payments program. This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under E.O. 12372. Application Procedure: No applications for new projects are being accepted. This program is excluded from coverage under OMB Circular No. A-110. Award Procedure: None. Deadlines: None. Range of Approval/Disapproval Time: Not applicable. Appeals: None. Renewals: Not applicable. ASSISTANCE CONSIDERATIONS:
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