A provision of law proving budget authority that enables an agency to incur obligations and to make payments out of the Treasury for specified purposes. Appropriations are the most common means of providing budget authority. Annual appropriations are provided in appropriations acts: most permanent appropriations are enacted in substantive law.

Housing where the monthly costs to the tenant are subsidized by federal, state, or other programs.

Contract administrator for many HUD-assisted buildings in New York City. (See contract administrator)

Entity that HUD has contracted with to manage and oversee the operations of HUD assisted properties. (See CGI, HDC, HFA)ee NY Quadel)

New York State Department of Housing and Community Renewal. Contract administrator for New York State. Subcontracted their contract to NY Quadel.

Enhanced Section Includes : 8 Vouchers, Fair Market Rents, Fiscal Year (FY),Foreclosure, GAO, HAP, HDC, HFA, HPD. SEE FOLLOWING.

Vouchers that are made available to tenants living in HUD-assisted housing at the time of a conversion (opt-out, prepayment, buy-out, etc), administered through the local PHA. Different than other vouchers because they may be used to remain and may cover the full difference between market rent and the tenants rent.

HUD's estimate of the actual market rent for an apartment in the conventional marketplace. Every year, HUD develops and publishes FMRs for every MSA and apartment type.

A continuous 12-month time interval used for financial reporting; the period starts on any date after January 1, and ends one year later. For the US Federal government standards, the period occurring from October 1 through September 31.

Process by which a property owner who has not made timely payments of principle and interest on a mortgage loses title to the home. The holder of the mortgage, whether it be a bank, a savings and loan, or an individual, must go to court to seize the property, which may then be sold to satisfy the claims of the mortgage.

General Accounting Office

Housing Assistance Payment; a HAP contract is one form of project-based Section 8 contract.

Housing Development Corporation

Housing Finance Agency.

New York City Department of Housing Preservation and Development

Public Housing Terms include: Agency, Section 236 de-coupling. SEE FOLLOWING.

Local agency that oversees and administers the public housing projects and the Section 8 certificate and voucher programs

A federally funded portable housing subsidy assigned to an individual tenant through their local housing authority. The tenant goes into the private market to search for a unit that meets HQS. However, the tenant could rent an apartment that is over Fair Market Rent. HUD will only pay the Fair Market Rent, the tenant must pay the remainder.

Maintenance and safety standards used by HUD to evaluate apartments in subsidized housing programs.

The Department of Housing and Urban Development. A federal agency set up to oversee and administer the public housing and subsidized housing programs.

Housing owned by a private entity but subsidized by the federal government.

Intermediary Technical Assistance Grants

Limitations on the amount of rent an owner may charge and the tenants to whom an owner may rent. Under the HUD guidelines of the Mark-To-Market program, the Restructuring Plan requires a property to maintain affordability and use restrictions for a minimum of 30 years. These restrictions are detailed in a Use Agreement.

The process of reducing above market rents to market levels through mortgage reduction.

Federal program to adjust rents on assisted housing up to the market rate.

A coalition of tenant associations and supporting organizations that works on an administrative and legislative level to preserve subsidized housing.

For-profit agency contracted by HUD through the state (DHCR) to oversee the management and maintenance of HUD assisted properties. Referred to as the contract administrator.

Office of Affordable Housing Preservation Multifamily Housing Assistance Restructuring. Office established within HUD by the Multifamily Assisted Housing Reform and Affordability Act of 1997 to develop and actively manage, administer, and oversee the Mark-to-Market Program through a decentralized structure of Participating Administrative Entities (PAEs).

Outreach and Training Grants. Grants provided to non-profit community organizations to assist tenants residing in buildings with expiring Section 8 contracts.

Participating Administrative Entity-Responsible for implementing mortgage restructuring process under the Mark-To-Market program.

Subsidized housing assistance that is assigned to a particular project, building or complex. HUD has a Section 8 contract with the owners or management of that particular building. The subsidy is tied to the building or project rather than the tenant. If the tenant leaves the building, the subsidy is still there for the next tenant to use. The tenant has to pay only 30% of their income for rent. HUD agrees to pay the difference between this amount and the total rent for the unit.