Authority Approves Long-Term Section 8 PBV Arrangement
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Description
In connection with the LZ Thomas School disposition, Hanson Housing Authority authorized entering into a long-term Project Based Section 8 Housing Assistance Payment Contract involving HUD. The PBV contract will provide rental assistance for all six units at the property for at least 20 years.
Contract Details
Vendor
UNITED STATES DEPARTMENT OF HOUSING & URBAN DEVELOPMENT
Agency
Hanson Housing Authority, MA
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
not less than 20 years (PBV Contract)
Renewal Info
PBV Contract will have an initial term of not less than 20 years; renewal and extension terms are not specified in the resolution but may be governed by HUD program rules.
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