HOUSING CHOICE VOUCHER (HCV) “Section 8”. Assist very low-income households to rent or buy…. Decent, safe, and sanitary housing. Family pays about 30% of their income toward rent….. Units are required to meet Housing Quality Standards. HCV PROGRAM Financial Eligibility.
Lafayette MSA Median Family Income Guideline for a Family of Four
Current guidelines set at 50% of median income.
HR 1999 proposes guidelines set at 80% of median income.
Percent of H’holds with Earnings
Percent of Income from Earnings
HR 1999 allows for variations in how benefits are based.
Average Gross Rent total $625 per month.
HR 1999 allows for time limits of five years or more (unless elderly or disabled)