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What is the difference between the “project-based” Section 8 program and Section 8 “certificates or vouchers”?

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What is the difference between the “project-based” Section 8 program and Section 8 “certificates or vouchers”?

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Section 8 subsidies are tied to the project in the new construction, substantial rehabilitation, loan management set-aside and the moderate rehabilitation programs. Under the Section 8 certificate and voucher programs, tenants receive the assistance directly in the form of a certificate or voucher and can use the subsidy in any unit meeting the Section 8 rent limits and housing quality standards that is willing to accept them.

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