What does HAP stand for in this housing context?

In the context of multifamily housing, HAP stands for Housing Assistance Payment. This term is primarily associated with rental assistance programs, particularly those under the Section 8 program administered by the Department of Housing and Urban Development (HUD) in the United States. HAP helps eligible low-income families afford housing by providing direct financial assistance to landlords on behalf of tenants.

When a tenant participates in such a program, the Housing Assistance Payment is made to the landlord to cover a portion of the rent, which helps bridge the gap between what the tenant can afford to pay and the total rent amount. This support is crucial in allowing families to secure stable housing while promoting affordability in the rental market. Understanding this term and its implications is essential for housing professionals involved in managing or facilitating multifamily housing assistance programs.