the landlord on behalf of the tenant, and the tenant pays the difference between the actual rent charged by thelandlordand the amount subsidized by the program. HUD states that to be eligible for the voucher pr
Area Median Income The midpoint in the family income range for a metropolitan statistical area or for the non-metropolitan parts of a state. UFMIP Upfront mortage insurance premium An insurance premium of 1.75% that is collected on FHA loans. Land property interest indicates the legal interest ...
Low-income (those whose incomes do not exceed 80% of the median income in an area) or very low-income (less than 50% of the median income)[9] families are usually eligible for Section 8 vouchers. Depending on the capability of the eligible to pay rent, the vouchers pay all or a p...