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HUD Awarded $347 Million in New Section 8 Rental Assistance Vouchers

Thursday, August 31, 2000 - 1:15AM

The U.S. Department of Housing and Urban Development (HUD) awarded $347 million in new Section 8 rental assistance vouchers to subsidize the rent for 60,000 very low-income families, HUD Secretary Andrew Cuomo announced Aug. 31. The Section 8 vouchers were awarded to about 500 housing authorities based on a competitive application system. Section 8 allows qualified tenants to pay no more than 30 percent of their income as rent, while HUD pays the remainder.

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