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About MO038 & the Section 8 Program
Osceola Housing Authority is the HUD-assigned Public Housing Authority code MO038 for Osceola, Missouri. PHAs administer the federal Housing Choice Voucher program under 24 CFR Part 982, paying the difference between a tenant's contribution (typically 30% of adjusted income) and the unit's contract rent — capped by the PHA's published payment standard.
For landlords: payment standards are typically set between 90% and 110% of HUD's Fair Market Rent (up to 120% with HUD approval). The PHA's published rate determines the maximum monthly Housing Assistance Payment.