affordable housing

(redirected from Housing subsidies)
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affordable housing

Housing for people whose income is a certain percentage below the median income for an area, as determined by the U.S. Department of Housing and Urban Development (HUD). National and local governments provide incentives and cash assistance to developers to build new affordable housing or rehabilitate older apartment buildings or other projects and offer housing at rates deemed affordable for the area.

Currently, HUD has three affordable housing programs.They are

1. HOME. Provides grants to state and local governments to fund their programs to meet the housing needs of low-income and very low income families.

2. SHOP. Provides funds to nonprofit organizations to acquire home sites and develop or improve the systems for delivery of sweat equity and volunteer-based homeownership programs for low-income families.

3. HOZ. Provides funds for communities to reclaim vacant and blighted areas and create home ownership zones of mixed income, pedestrian friendly neighborhoods.

References in periodicals archive ?
agency is running a $100 million budget deficit and stopped dispensing housing subsidies to Syrian-Palestinian refugees in Lebanon in July.
July 7, 2015 /PRNewswire/ -- Providing priority access to permanent housing subsidies to homeless families helps keep families from becoming homeless again and has a variety of positive benefits -- from keeping families out of shelters and off the street to preventing food insecurity and intimate partner violence and reducing school absences for children in homeless families -- according to a new study from the U.
Description : The technical cooperation (TC) will support the strengthening of institutional capacity of the National Secretariat for Housing and Habitat (SENAVITAT) to reduced costs, shorter times to obtain housing subsidies, and make more transparent and effective the management of housing programs with a view to reducing the housing deficits.
TEHRAN (FNA)- More than $37 million in monthly housing subsidies for needy people ended up in the wrong hands last year because the Department of Housing and Urban Development (HUD) doesn't know how to verify who's eligible for its program, media report said.
Other social programs such as food stamps, housing subsidies and income assistance to needy families also would face cuts and new work requirements, reducing spending by an additional $966 billion over 10 years.
This tragic situation threatens to become even worse if the federal government does not provide the financial support needed for social housing subsidies.
The Cabinet approved a range of housing subsidies and loans for more than 600 Israeli communities deemed ''national priority areas,'' including poor towns and 91 settlements.
8bn, while housing subsidies for low income citizens and soft loans totaled EGP 0.
If any local authority is faced with financial difficulties in its housing revenue accounts, it should take steps to persuade the Government to reduce the interest rates and cost of building, whilst pressing for increased housing subsidies rather than increased rents, which are becoming so high that council houses are being priced out of the reach of working class families.
These include housing subsidies, sports, non-profit organizations, charitable organisations, media and sports activities.
So, no need to worry whether the war on scroungers is acceptable to head boy Faustus Clegg and Co, who are prepared to carry on paying housing subsidies to any whipper-snapper who no longer wants to live with their parents.
This Note will discuss the issue of inter-generational poverty among the participants of federal housing subsidies and public housing systems.