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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 payments that do not exceed the greater of: (1) 30% of monthly adjusted family income; (2) 10 percent of monthly income; or, (3) the portion ...
Effective February 2, 2015, areas with populations greater than 35,000 no longer qualify for Rural Housing Program assistance. Any area classified as "rural" or a "rural area" prior to October 1, 1990, and determined not to be "rural" or a "rural area" as a result of data received from or after the 1990, 2000, or 2010 decennial census, and any ...
A HUD spokesperson said the additional housing vouchers represent “the most expandable award of flexible rental assistance in more than 20 years.” Wisconsin to receive 350 new Housing Choice ...
Section 515 Rural Rental Housing is a USDA rural housing program authorized under Section 515 of the Housing Act of 1949 (42 U.S.C. 1485). The Rural Housing Service (RHS) is authorized to make loans to provide rental housing for low- and moderate-income families in rural areas. Though rarely used for this purpose, Section 515 loans may also be ...
While relief efforts have staved off some of the housing crisis, rent is still going to come due. The federal government has approved two rounds of rental assistance, worth more than $46 billion ...
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 ...