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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 ...
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One such government program is the Section 8 Housing Choice Voucher Program, which the U.S. Department of Housing and Urban Development (HUD) uses to provide rental assistance vouchers to eligible low-income households. The program offers financial aid to households with an annual gross income not surpassing 50% of HUD's median income criteria ...
For years, Orlando officials have been squirreling away general fund money into an account that one day could be used to subsidize affordable housing construction. Now, with an account totaling $9 ...
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
Almost two years ago, Walt Disney World announced it was dedicating nearly 80 acres of land for a new affordable housing project in Orange County, which would include about 1,400 units of mixed ...
The Section 1602 program was applicable to LIHTC awards made between October 1, 2006, and September 30, 2009. [17] Recent Congressional legislation proposed expanding this program to 2010 housing credits (see below). In the latter part of 2010, the market stabilized as non-traditional investors began to back fill the investment gap.
The Housing and Community Development Act of 1974 was a United States federal law, which, among other provisions, amended the Housing Act of 1937 to create Section 8 housing, [7] authorized "Entitlement Communities Grants" to be awarded by HUD, and created the National Institute of Building Sciences. [8]
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