A Performance-Based Contract is an agreement between HUD and a Performance-Based Contract Administrator (PBCA) under the PBRA (Project-Based Rental Assistance) program. PBCAs are typically state housing agencies or private contractors that partner with HUD to administer PBRA contracts.
The PBRA HUD Program and the PBCA model are used to administer housing programs in the United States, specifically those overseen by the U.S. Department of Housing and Urban Development (HUD).
In short, HUD oversees the PBRA program, but contracts with PBCAs to handle the day-to-day operations and compliance monitoring.
PBRA HUD Program
PBRA stands for Project-Based Rental Assistance.
- PBRA is a HUD program that provides rental subsidies to tenants residing in specific privately-owned housing units (as opposed to being portable like Housing Choice Vouchers).
- The program is intended to assist low-income individuals and families in accessing affordable housing.
- Tenants pay 30% of their adjusted income toward rent, and HUD pays the rest directly to the property owner.
- It incorporates properties under the Section 8 New Construction, Substantial Rehabilitation, and Loan Management Set-Aside (LMSA) programs.