Section 8 housing

Section 8 housing

Low- and moderate-income housing subsidized by the federal Department of Housing and Urban Development.There are two primary methods of subsidy:(1) Tenant-based subsidies consist of rental vouchers and rental certificates that are portable—the tenant can use them for any approved rental housing offered by landlords willing to participate in the programs. The program certificates may also be used to assist with mortgage payments under current rules. (2) Project-based subsidies consist of housing complexes that offer reduced rental rates to qualifying applicants, usually as a condition of the developer receiving tax credits, low-interest-rate loans,and high loan-to-value ratios for mortgage lending.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Glick Company, for the preservation of Carriage House of Evansville, a Section 8 housing development in Evansville, Indiana.
L+M Development Partners and Prudential Financial announced a deal to preserve and modernize 268 units of Section 8 housing in Newark's South Ward.
Now another investor has weighed in, asking in a letter to this newspaper "why would a Seth Piccirillo Administration be any different than what's occurred the past 12 years under Paul Dyster," saying that Piccirillo, a Democrat like Dyster, chose to do Section 8 Housing to serve the progressive wing of his party.
Hatch (R-UT) and Kaine (D-VA) introduced the Fair Housing Improvement Act of 2018 in November to amend the Fair Housing Act to prohibit discrimination based on source of income, which NAA/NMHC believe fundamentally changes the Section 8 Housing Choice Voucher Program from an optional government program for private property owners to mandatory.
"A security guard for Section 8 Housing has had unimaginable grief and bad luck.
The property was originally developed in 1979 and is 100 percent covered by a long-term Section 8 Housing Assistance Payments contract.
Let us also not forget the cuts to the VA Section 8 housing allowance or the 900,000 vets and the 250,000 service families whose SNAP (Supplemental Nutrition Assistance Program) benefits were reduced.
The Section 8 Housing Choice Vouchers program provides rental help to households with very low incomes.
The meeting was called after the WHA received 500 additional Section 8 housing vouchers from the U.S.
Jonathan Rose Companies had acquired the 202,500-square-foot property with 198 units at 107-145 West 135th Street through its Rose Smart Growth Investment Fund, an investment fund focusing on the strategic green repositioning of existing buildingsin December 2008 in order to preserve affordable Section 8 housing, while creating an energy-efficient apartment community.
Bowers could have applied for a Section 8 housing voucher, but the waiting list for those exceeds, in some cities, his three-year prison term.
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