What does the income targeting requirement for Section 8 projects state?

The income targeting requirement for Section 8 projects emphasizes that no less than 40 percent of the units must be leased to extremely low-income (ELI) households annually. This is essential to ensure that a significant portion of affordable housing is available to those who are among the lowest income earners. By mandating this percentage, the program aims to address the urgent housing needs of ELI families, who often face the greatest challenges in securing affordable housing.

This requirement assists in fostering greater equity in housing availability and helps prevent displacement of vulnerable populations. While it is important to support various income levels in a multifamily housing setting, the focus on ELI households ensures that the most economically disadvantaged individuals have priority access to these resources.

In contrast, while the other options mention different aspects around income levels and admissions, they do not accurately reflect the specific mandate regarding the targeting of units for ELI families within Section 8 projects. Thus, B accurately encapsulates the intent and directive behind this requirement.