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"It's time for California to get tough." The Section 8 program, named after a section of the federal Housing Act, is one of the U.S. government’s most powerful tools to keep rental housing ...
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]
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 ...
When a Section 8 voucher participant rents from a participating landlord, the local PHA “pays the difference between the household’s contribution (set at 30 percent of income) and the total monthly rent.” [13] The Section 8 voucher program does not set a maximum rent, but participants must pay the difference between the calculated subsidy ...
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About 46.8% of the residents in Canal are living below 200% of the federal income and poverty level. [3] Because of this Canal residents spend more than 30% of their income on rent. [3] In 2020 this overcrowding caused a health inequity that not many foresaw. The Canal area saw a 20% COVID-19 positivity rate, which was more than the county ...
A Chase bank on Sunset Blvd. in Los Angeles County's Pacific Palisades neighborhood burns on Jan. 8, 2025, after a wildfire broke out in on Jan. 7. The fires destroyed more than 1,000 homes ...
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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