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The Community Living Assistance Services and Supports Act (or CLASS Act) was a U.S. federal law, enacted as Title VIII of the Patient Protection and Affordable Care Act. The CLASS Act would have created a voluntary and public long-term care insurance option for employees, [ 1 ] [ 2 ] [ 3 ] but in October 2011 the Obama administration announced ...
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 ...
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 ...
Rapidly rising rents squeeze millions in the middle class Four in 10 middle-class renters pay 30% or more of their incomes toward housing each month, NBC News analysis of U.S. Census Bureau data ...
The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
The Tenant Protection Act of 2019 caps annual rent increases at 5% plus regional inflation. [51] For example, had the bill been in effect in 2019, rent increases in Los Angeles would have been capped at 8.3%, and in San Francisco at 9%. [51] The increases are pegged to the rental rate as of March 15, 2019. [51]
Filed on behalf of more than 365,000 policy holders, the class-action lawsuit accuses the state's insurance of last resort of unlawfully selling subpar fire insurance policies.
The passage of the Rent Regulation Reform Act of 1997 restricted rent stabilization to apartments where the legal, or stabilized, rent was under $2,000 per month. The decontrol rent was set at $2,000. The decontrol income was $175,000. [13] In June 2011, the New York State Legislature enacted the Rent Act of 2011. [13] It did the following: