Form W-8 for Paterson New Jersey 2017-2024

Form W-8 for Paterson New Jersey: What You Should Know

Development Authority (HAD) in 1974 to assist property owners and public entities throughout the City with the  installation, operation, and improvement of housing. A tax-defaulted property can be eligible for assistance; property that  is owned by an affordable housing provider (the Section 8 program's Title I recipients), with a mortgage (the  Section 8 program's TIC recipient) and a monthly income of less than 60 percent of the Area Median Income (AMI),  or by qualified public entity for a fee of 500,000 or less. As of July 2017, an amount for 2016  for the Section 8 rental assistance program has been set. The Housing Authority was established under  the New Jersey Housing Development Agency Act of 1974. Under the Housing Assistance Act of 1978,  Title IV of the Housing Assistance Act (HAVE), the City of Paterson is authorized to administer  the Section 8 rental assistance payments to qualifying persons. The maximum monthly amount for each recipient  may be 4,375. The HAD is authorized to use funds received in excess of the maximum amounts paid to  the program for the management, construction, and management improvement of public housing properties, with  the maximum limitation of 500,000 per program for fiscal year 2016. For more information, contact  P.O. Box 2463 • Paterson, NJ 07306 •. The Housing Authority of the City of Paterson provides rental housing to New Jersey residents  through a variety of government financial and public housing programs. Under the Housing Assistance Act of 1978,  Title IV of the Housing Assistance Act (HAVE), the City of Paterson is authorized to administer  the Section 8 rental assistance payments to qualifying persons. The maximum monthly amount for each recipient  may be 4,375. Section 8 program applicants are required to have a monthly income that is  not less than 61% of Area Median Income (AMI) in order to be eligible. The HAD is authorized to  use funds received in excess of the maximum amounts paid to the program for management construction and  management improvement of public housing properties, with the maximum limitation of 500,000 per  program for fiscal year 2016. The rent amount for this program is adjusted every two years.

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