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The corresponding HUD statewide figures for Louisiana's 21,708 public housing units show that 17,366 (80%) of the occupants are black, or, again, about 1% of Louisiana's black population of 1,498,652 (32.4%). Blacks occupy 874,000 (46%) of the 1,900,000 public housing units nationwide, or about 2% of the 39,684,125 (12.5%) black people in America.
Whether you rent or own, housing is expensive. According to Redfin, the national median home price is $427,179; however, 66.6 million households can't afford a $250,000 home, per the National...
In other words, if say HUD determines that a local area's median income is $25,000, then the HOME funds awarded in that area should only benefit those families with incomes less than, or equal to, 80% of $25,000 (or $20,000). HUD publishes the area median incomes plus the 80% income limits every year in its website.
The Rental Assistance Demonstration is a federal housing program that was enacted as part of the Consolidated and Further Continuing Appropriations Act, 2012, [1] and is administered by the U.S. Department of Housing & Urban Development (HUD). Broadly, the purpose of the Rental Assistance Demonstration (or RAD) is to provide a set of tools to ...
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 ...
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 ...
Happy Tuesday and welcome to another edition of Rent Free. Government rules on new home construction make routine real estate development more difficult and expensive than it needs to be. Overly ...
The department's mission is "to increase homeownership, support community development and increase access to affordable housing free from discrimination." [3] The secretary of housing and urban development is a Level I position in the Executive Schedule, [4] thus earning a salary of US$246,400, as of January 2024. [5]