subpart iv - sponsor-based rental assistance

42 USC 11406 - Authority

The Secretary may use amounts made available under section 11403h of this title to provide sponsor-based rental assistance for eligible persons in accordance with this subpart.

42 USC 11406a - Housing assistance

Assistance under this subpart shall be provided pursuant to a contract between the recipient and a private nonprofit">nonprofit sponsor that owns or leases dwelling units. The contract shall provide that rental assistance payments shall be made to the sponsor and that such assisted units shall be occupied by eligible persons.

42 USC 11406b - Term of contract and amount of assistance

(a) Term of contract
The contract with a recipient of assistance under this subpart shall be for a term of 5 years.

(b) Amount of assistance
Each contract shall provide that the recipient shall receive aggregate amounts not to exceed the appropriate existing housing fair market rental under section 1437f (c)(1) of this title in effect at the time the application is approved. Any amounts not needed for a year may be used to increase the amount available in subsequent years.