About Project Based Vouchers (PBV)
A component of the Housing Choice Voucher program, Project Based Vouchers are used to fund project-based units for affordable public housing. The Housing Authority of the City of Lubbock is not allocated funding by the government for PBV units. Instead, the Housing Authority uses tenant voucher funding to allot project-based units to a project (https://www.hud.gov/program_offices/public_indian_housing/programs/hcv/project). The selection for projects to receive a PBV is often competitive, though there are times where the designation is not competitive. The Housing Authority of the City of Lubbock can use up to 20 percent of the authorized voucher units to designate project-based units in a project if the owner either agrees to construct or rehabilitate the units or agrees to set aside a portion of the units in an already-existing project.
How It Works
When it comes to Project-Based Vouchers, the Housing Authority of the City of Lubbock refer families who have already applied for a Housing Choice Voucher and are on the waiting list to properties that have project-based voucher assistance when units become available. With a PBV, applicants referred by the Housing Authority of the City of Lubbock are referred to a project owner to fill vacancies with PBV funding. The Housing Authority of the City of Lubbock pays the owner of the project the difference between 30 percent of family income and the gross rent for the unit.
your future home?
The Housing Authority of the City of Lubbock offers Affordable Housing Assistance to all that qualify.