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  2. HOME Investment Partnerships Program - Wikipedia

    en.wikipedia.org/wiki/HOME_Investment...

    However, federal regulations require that every single government that receives funds must provide 25 cents on their own for every HOME dollar used. [2] If for example a state plans to use $1 million of HOME funds during the year, HUD provides $750,000 (75%) and the State must provide $250,000 (25%) for the program to achieve the $1 million goal.

  3. Low-Income Housing Tax Credit - Wikipedia

    en.wikipedia.org/wiki/Low-Income_Housing_Tax_Credit

    The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of private ...

  4. Development of non-profit housing in the United States

    en.wikipedia.org/wiki/Development_of_non-profit...

    Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.

  5. What Are HUD’s 7 Major Programs? - AOL

    www.aol.com/hud-7-major-programs-130017424.html

    With more than 7,000 employees and a budget of $68.7 billion, the United States Department of Housing and Urban Development (HUD) is an executive Cabinet department whose secretary reports ...

  6. Affordable housing in the United States - Wikipedia

    en.wikipedia.org/wiki/Affordable_housing_in_the...

    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 ...

  7. Government grants for home improvements - AOL

    www.aol.com/finance/government-grants-home...

    Eligibility requirements include meeting home income limits set by HUD. Section 504 Home Repair Program – This program provides loans and grants to low-income and elderly homeowners ...

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