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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 ‚ÄĘ Paterson, NJ 07306 ‚ÄĘ. 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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