HUD AWARDS TENANT PROTECTION VOUCHERS TO IDAHO HOUSING & FINANCE TO SUPPORT ASSOCIATION'S EFFORTS TO TRANSITION OUT OF PUBLIC HOUSING
HUD rental vouchers will insure Idaho Falls families displaced by disposition of its Association's last 8 public housing units continue to have access to affordable housing

SEATTLE - The U.S. Department of Housing and Urban Development today announced the award of 8 (eight) Section 8 Tenant Protection Vouchers valued at $38,448 a year to the Idaho Housing and Finance Association to enable it to dispose of 8 scattered-site public housing units known as Shoshone Apartments in in Idaho Falls, Idaho. The Tenant Protection Vouchers awarded today will insure that the 8 families who will be displaced disposition of these 8 units will continue to have access to affordable housing.

The Association intends to sell 6 of the 8 units at fair market value through a bidding process open to the general public. The Association will sell one unit each for $1 each to Habitat for Humanity and to the Association's Home Partnership Foundation. As a result of the disposition of these 8 units, the Association no longer will have a public housing inventory, but will remain the administrator for HUD's Section 8 rental voucher programs in 34 of Idaho's 44 counties.

"The Idaho Housing and Finance Association is one of our major partners in providing affordable housing to Idahoans," said HUD Northwest Regional Administrator Jeff McMorris. "Our award today recognizes our obligation to support our partners' efforts to promote managerial efficiencies as well as our obligation to insure that eligible households affected by these efforts continue to have access to permanent, affordable housing resources."

HUD Tenant Protection Vouchers assist residents of public housing authorities with relocation or replacement housing needs that result from the disposition, demolition or mandatory conversion of public housing units. They also assist households living in privately-owned, HUD-assisted projects for which the owner is opting out of HUD's project-based rental assistance program or privately-owned assisted properties for which the owner is prepaying the mortgage.

Only households whose gross incomes are at or below the low or very Federal low-income level Everett area are eligible to receive Tenant Protection rental vouchers. They are expected to pay rent equivalent to 30 percent of their gross incomes with HUD providing a subsidy equivalent of the difference between that amount and the rent amount established for the unit. Landlords or owners who rent units to households with HUD vouchers must sign a contract with HUD and their units must meet HUD's Housing Quality Standards.

Today's award was part of a HUD announcement of the award of a total of 878 Tenant Protection Vouchers to public housing projects in Everett, Bakersfield, Birmingham, Boston, Oklahoma City, Panama City, San Francisco and Sarasota.

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