What is the Housing Choice Voucher Program?
The Housing Choice Voucher Program (HCV for short) serves as the federal Government’s major program for assisting low-income families, elderly, and disabled members of the American population.
Housing Agencies receive funds from the federal government which are used to help pay a portion (sometimes all) of the program participants rent. And in some cases it provides families with financial assistance with their utility bills. The amount of the rental payment (rental subsidy) is based on the participants income and is paid out directly to the landlord every month.
Key Program Benefits
- Providing family’s with access to decent, safe and sanitary housing within the private market
- Lowering the Area Concentration of poverty
- Providing families with the ability to relocate into better neighborhoods
- Enhancing job opportunities and stimulating the economic market
- Improving the family’s quality of life by addressing vital housing needs and family safety & well being