To address today's challenging housing market, communities are expanding their menu of housing options, including master leasing. This program model pertains to a third-party leasing strategy to create long-term contracts to lease housing units from a property owner. In different models, the leasing agency takes on various responsibilities, including a multitude of financial costs and subleasing to tenants. This session will explain the difference between the traditional master leasing model and master rent subsidy agreements. Communities will also share each approach's benefits and limitations and offer recommendations based on their experiences.