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The federal government has approved two rounds of rental assistance, worth more than $46 billion total, that is slowly making its way to renters. How struggling households can get federal rental ...
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 ...
The latest round of funding arrived earlier this month, when the Treasury Department allocated $21.6 billion for rental assistance under President Joe Biden’s rescue package, along with new ...
The U.S. Department of the Treasury reported on Monday, Nov. 29, that state and local governments offered rental assistance to more than 521,000 renters and landlords in October through the ...
Section 521 rental assistance is rental assistance authorized under Section 521 of the Housing Act of 1949 (42 U.S.C. 1441 et seq.). Owners of housing financed under Section 515 or Section 514 may receive rental assistance payments from the Rural Housing Service (RHS). The assistance payments enable eligible tenants to make monthly rent ...
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).
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