Apartments operated by the Housing Authority of Covington are considered \'conventional public housing units\'. We are not a Section 8 landlord, nor do we administer any Section 8 programs*. Tenants are charged a monthly rent that does not exceed 30% of their adjusted income. In addition to tenant rents, the Housing Authority also receives an operating subsidy and a capital grant contribution for each of these units. Because our average tenant rent tends to be in the $150 range, we are heavily dependant on the federal government to provide this type of gap financing. A small amount of income is also generated by leasing space atop our senior hi-rise building to cellular phone providers