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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 San Diego Housing Commission currently owns 2,221 affordable housing units and plans to expand that number in the future to meet the growing demand. [55] In 2009, the San Diego Housing Commission implemented a finance plan that created 810 more units of affordable rental housing through leveraging the equity of its owned properties.
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 ...
Tiny housing units in backyards won’t solve the state’s lack of affordable housing, defined as when a household spends no more than 30% of income for costs such as rent, mortgage and utilities.
Matt Gleason. June 21, 2024 at 4:20 AM. IU doesn’t have enough student housing. Currently, many students are struggling to find affordable housing anywhere near campus. This leaves many students ...
Oct. 2—By the end of 2024, Indiana state, municipal and county governments are scheduled to receive and spend more than $5.8 billion in federal American Rescue Plan money. The cash is flowing in ...
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