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Rev. Nelson Pierce speaks during a rally addressing affordable housing in Cincinnati at City Hall on Wednesday, Aug. 2, 2023. Nearly 12,000 residents signed Cincinnati Action for Housing Now’s ...
The gap between the supply and demand for affordable rental housing for extremely low-income households in Cincinnati is about 28,000 units, according to a 2017 report from Xavier University's ...
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 ...
Cincinnati needs almost 50,000 more units to serve roughly the city's 84,000 low-income individuals, according to the National Low Income Housing Coalition. Local officials have made it clear they ...
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 ...
Housing subsidies are government funded financial assistance programs designed to mitigate the costs of housing for low-income tenants. Subsidies can be provided in the form of housing vouchers given to tenants, e.g. Section 8 (Housing), or via direct deposits to landlords with government contracts to provide affordable housing.
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 ...
Cincinnati ranked top, with average rent for a one-bed unit at $612 a month. St. Louis, Missouri, and Pittsburgh, Pennsylvania, made the top 10.