Project-Based Voucher (PBV) Program definition
Project-Based Voucher (PBV) Program means a component of a public housing agency's (PHA's) Housing Choice Voucher (HCV) program. PHAs are not allocated additional funding for PBV units; the PHA uses its tenant-based voucher funding to allocate project-based units to a project. Projects are typically selected for PBVs through a competitive process managed by the PHA; although in certain cases projects may be selected non-competitively. These PBV’s are independent of the project based vouchers allowed through RAD.
Examples of Project-Based Voucher (PBV) Program in a sentence
Activity 2019-1: Enhancements to Local Project-Based Voucher (PBV) Program LMHA proposes to extend the use of the Low-Income Housing Tax Credit (LIHTC) Program’s Tenant Income Certification form to PBV properties that have received conditional LIHTC approval.