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Section 8 of the Housing Act of 1937 ( 42 U.S.C. § 1437f ), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1]
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 ...
t. e. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of ...
Number of affordable and available rental homes: 26 per 100 extremely low-income renter households. Extremely low-income renter households: 138,104.
The Reno Housing Authority has more than 3,000 households on its waitlist for federally funded housing vouchers that help low-income households pay for rent, and the number of people experiencing ...
The National Low Income Housing Coalition (NLIHC) released its annual report, Out of Reach: The High Cost of Housing in June, 2023. This report underlines the disparity between people's earnings and the cost of modest rental housing across the U.S. It emphasizes how rising rents, coupled with the end of COVID-19 pandemic-era support programs ...
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