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Visit the website of the National Low Income Housing Coalition, which provides a state-by-state list of the 360-plus programs that provide assistance to struggling renters.
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
In the 1970s, when studies showed that the worst housing problem afflicting low-income people was no longer substandard housing, but the high percentage of income spent on housing, Congress passed the Housing and Community Development Act of 1974, further amending the U.S. Housing Act of 1937 to create the Section 8 Program. In the Section 8 ...
Transfer of ownership to a for-profit entity is permitted only to facilitate access to Low Income Housing Tax Credits, and then only if the PHA retains an interest in the property. In addition, the public housing Declaration of Trust that is released as assistance is converted from section 9 to section 8 is replaced by a long-term, renewable ...
By the time Kimberly Loper, 28, got the news that she would receive a Section 8 voucher – a coveted federal rental subsidy for low-income families – she had been on the waitlist for three years.
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