The Housing Choice Voucher (HCV) Program is a federally funded, locally administered program that assists very low-income families, the elderly, and the disabled to afford decent, safe, and sanitary housing in the private market. A housing subsidy is paid to the property owner directly by the Authority on behalf of the participating family. The family then pays the difference between the actual rent charged by the landlord and the amount subsidized by the program. The amount the family pays generally does not exceed 40 percent of their adjusted monthly income.