Rental Subsidies to Access Privately-Owned Rental Housing
The Needham Housing Authority administers rental subsidies for Needham and is assigned 103 mobile Section 8 vouchers and 20 Project-based Section 8 vouchers. These rental subsidies are provided to qualifying households renting units in the private housing market in order to fill the gap between an established market rent (Fair Market Rent---FMR) and a portion of the household’s income. Based on the high cost of housing in Needham, the Housing Authority is using 105% of the FMR levels for its maximum rent. Preference is granted to applicants who reside or are employed in Needham. Applicants must have incomes within 50% of the Area Media Income.
