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The California Department of Housing and Community Development (HCD) is a department within the California Business, Consumer Services and Housing Agency that develops housing policy and building codes (i.e. the California Building Standards Code), regulates manufactured homes and mobile home parks, and administers housing finance, economic development and community development programs.
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 ...
HACLA funds come from five main sources: United States Department of Housing and Urban Development's annual operating subsidy, HUD's annual Capital Fund, Section 8 administrative fees, rent from public housing residents, and other program and capital grants from various sources. [1]
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RAD authorizes the conversion of assistance under several of these programs to project-based section 8 assistance, which may take either of two forms: Project-based rental assistance (PBRA) authorized under section 8 of the U.S. Housing Act of 1937 [9] ("the Act"); or; Project-based voucher (PBV) assistance authorized under section 8(o)(13) of ...
The idea of a department of Urban Affairs was proposed in a 1957 report to President Dwight D. Eisenhower, led by New York governor Nelson A. Rockefeller. [3] The idea of a department of Housing and Urban Affairs was taken up by President John F. Kennedy, with Pennsylvania Senator and Kennedy ally Joseph S. Clark Jr. listing it as one of the top seven legislative priorities for the ...
The Housing and Community Development Act of 1974 (12 U.S.C. 1706e) is a United States federal law that, among other provisions, amended the Housing Act of 1937 to create Section 8 housing, [1] authorizes "Entitlement Communities Grants" to be awarded by the United States Department of Housing and Urban Development, and created the National Institute of Building Sciences. [2]
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
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