What does the Division of Rental Assistance oversee?

The Division of Rental Assistance is primarily responsible for overseeing state-funded affordable housing rental assistance programs. This division focuses on providing financial support to low-income households, ensuring they have access to rental housing. By administering various assistance programs, the division helps to alleviate the burden of housing costs for eligible individuals and families, making it possible for them to secure stable living arrangements.

While other options such as homeownership programs, emergency housing shelters, and private housing quality standards may involve housing assistance, they do not fall under the specific jurisdiction of the Division of Rental Assistance. This division's primary mission is centered around rental assistance rather than the other areas mentioned, thus making the correct answer the most relevant in context.