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A. There are several, some more consequential than others, when looking at a sponsor apartment, say our experts. A sponsor apartment is a unit owned by the original owner or corporation responsible for turning a building from a rental into a co-op.
The term of these Section 8 subsidy contracts can vary from 5 to 40 years. Rent is set at 30% of your income. 75 This is a very large and important resource. There are approximately 33,000 apartments with Section 8 project-based multifamily assistance in Massachusetts. number of apartments are subsidized under the Section 8 Moderate Rehabilitation (or mod rehab) program. In exchange for providing a moderate level of rehabilitation to a property, the owner is provided a rent subsidy for a number of years by the local housing authority or a regional nonprofit housing agency.