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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 ]
For the five cities with "vacancy control" in 1995 the Act is phased-in. [41] It situates government contracts with owners about rent charged (e.g., provisions for low income housing), and the effects of a notice of violation, e.g., about health or safety. [42] Costa–Hawkins also addresses subtenancies, [43] and other issues. [44]
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 ...
Under the arcane tax rule of possessory interest, thousands of California tenants in subsidized housing could face individual tax bills upwards of $1,000 a year.
More than half a dozen affordable housing projects in California are costing more than $1 million per apartment to build, a record-breaking sum that makes it harder to house the growing numbers of ...
Housing costs are an important factor for senior citizens as more than 17 million (or roughly 1 in 3) adults over the age of 65 are economically insecure, with incomes below 200% of the Federal ...
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