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Section 515 Rural Rental Housing is a USDA rural housing program authorized under Section 515 of the Housing Act of 1949 (42 U.S.C. 1485). The Rural Housing Service (RHS) is authorized to make loans to provide rental housing for low- and moderate-income families in rural areas. Though rarely used for this purpose, Section 515 loans may also be ...
[143] [144] In South Korea the public Korea Land & Housing Corporation has provided homes to 2.9 million households which is 15% of the national total of 19.56 million households. This includes 2.7 million newly built public housing units and 1.03 million rental homes of which 260,000 were purchased or rented by the Land and Housing Corporation.
The supplements make up the difference between rental "market price" and the amount of rent paid by tenants, for example 30% of the tenants income. A notable example of a rent supplement in the United States is Section 8 of the Housing Act of 1937 ( 42 U.S.C. § 1437f ).
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The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
The lack of affordable housing in rural areas of the United States continues to be a critical issue and concern. Factors that can affect affordable rents and home ownership opportunities in Rural America include: lower income levels, urban sprawl pushing housing costs up, loss of high paying jobs and lack of access to credit.
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