How does Section 42 differ from other rental assistance programs like Section 8, Rural Development, or Public Housing?
The residents who live in Section 42 units must be income and program eligible, similar to residents who live in rental assistance developments. However, in rental assistance programs like Section 8 or Public Housing, the rent is based on 30-40% of the applicant's income, and the remaining portion is subsidized by the government. In contrast, the rent that a Section 42 resident will pay is based on a fixed rental fee for the unit size rather than a percent of the resident's income.
The Section 42 Program is not a subsidized rental program.