The Housing Authority of the City of Los Angeles (HACLA) submitted the request earlier this year.
The Federal Housing Department has given its approval for the city of Los Angeles to raise the payment amounts for vouchers aiding low-income and homeless residents with their rent
These new voucher payment standards (VPS) will be enforced from October 1st for all new contracts. HACLA’s President and CEO, Doug Guthrie, expressed gratitude for HUD’s support, emphasizing that this increase to 120% of new Fair Market Rents will provide crucial assistance to landlords, enabling them to house more homeless individuals in Los Angeles.
Recipients of Federal Housing Department vouchers, including those under the Section 8 housing program, will receive augmented financial aid to meet their rental expenses, ensuring stable housing.
Section 8 housing, overseen by the Federal Housing Department, assists very low-income families, the elderly, and individuals with disabilities in securing safe and decent housing in the private market
Federal Housing Department choice vouchers are locally administered by public housing agencies, receiving federal funds from HUD for program management. The Federal Housing Department agency directly pays a subsidy to landlords on behalf of participating families or individuals, with the beneficiary covering the remaining rent.
HACLA has also established higher payments for specific communities in 70 “higher opportunity” ZIP codes, designated as Small Area Fair Market Rents. Los Angeles Mayor Karen Bass commended this joint effort with the Federal Housing Department, stressing the importance of increasing voucher values to facilitate permanent housing for more people. She urged property owners to consider renting units to voucher recipients, emphasizing the collective responsibility in addressing the homelessness crisis.