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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 ...
He emphasized that the bill directs localities looking to create an affordable housing program to first devise an advisory committee and “actively seek input from residents, developers of ...
Housing in Virginia comes in a wide variety of forms, from single-family homes to apartment complexes. The rate of home ownership in the Commonwealth of Virginia was measured at 69.1% in 2023, a 2.5% increase from 2022's figure of 67.4%. [1] As with much of the United States, housing in Virginia is extremely
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 ...
Virginia will support housing development with $75 million over five years through the Workforce Housing Investment Program. Localities and nonprofits can apply for loans, loan subsidies, and ...
State Allocation Agencies must follow very specific requirements for monitoring, inspecting and reporting as laid out by the IRS. [Section 1.42-5 and Federal Register: January 14, 2000 (Volume 65, Number 10) – Compliance Monitoring and Miscellaneous Issues Relating to the Low-Income Housing Credit] [4]
Inclusionary zoning (IZ) is municipal and county planning ordinances that require or provide incentives when a given percentage of units in a new housing development be affordable by people with low to moderate incomes. Such housing is known as inclusionary housing.
The Housing and Community Development Act of 1974 (12 U.S.C. 1706e) is a United States federal law that, among other provisions, amended the Housing Act of 1937 to create Section 8 housing, [1] authorizes "Entitlement Communities Grants" to be awarded by the United States Department of Housing and Urban Development, and created the National Institute of Building Sciences. [2]