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Real estate prices have bottomed out. Depending on the market-- Las Vegas, Arizona, Southern California -- house prices can be insanely low. In Broward County, Fla., for example, homes that once ...
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 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).
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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Many South Florida tenants have long feared sudden rent increases amid this hot housing market. Now, they have a new source of hope to look toward: More local governments are taking steps to offer ...
Only about 8% of households in Broward County, Florida can afford a single-family home at the median sale price, according to a new study. Based on spending the recommended 30% of income on ...
Then, during the 1970s, as Broward County began to push west, the city experienced its first real growth. In 1971, the city, by referendum, changed its name to the City of Sunrise. Through annexation, Sunrise eventually expanded to its current boundaries—encompassing more than 18 square miles, reaching the Everglades and dropping south of I ...