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In the 1970s, when studies showed that the worst housing problem afflicting low-income people was no longer substandard housing, but the high percentage of income spent on housing, Congress passed the Housing and Community Development Act of 1974, further amending the U.S. Housing Act of 1937 to create the Section 8 Program. In the Section 8 ...
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
Visit the website of the National Low Income Housing Coalition, which provides a state-by-state list of the 360-plus programs that provide assistance to struggling renters. You might qualify for ...
Establishment of waiting list. A PHA may have separate waiting lists for its public housing and HCV/PBV programs, or it may have a combined waiting list. Likewise, a multifamily owner may have one waiting list for each property assisted with PBRA, or it may operate a community-wide waiting list.
Applicants must be over 18 and meet the income requirements of the U.S. Department of Housing and Urban Development. For one person, the annual income must not exceed $63,550; for two, $72,650 ...
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 ...