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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 ...
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 ...
In most federally-funded rental assistance programs, the tenants' monthly rent is set at 30% of their household income. [2] Now increasingly provided in a variety of settings and formats, originally public housing in the U.S. consisted primarily of one or more concentrated blocks of low-rise and/or high-rise apartment buildings.
The programs offer assistance with up to 12 months of unpaid rent and up to three months of future rent. Materials are available in Spanish. Where to apply: Illinois Rental Assistance Program
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.
Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1]
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