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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]
June 7, 2024 at 2:46 PM. The New Jersey Division of Civil Rights has reached a settlement in four alleged housing discrimination cases against a local real estate agency. Announced today by New ...
County Executive Ed Day and Commissioner of Social Services Joan Silvestri said the lottery for specialized program vouchers will start online at 8 a.m. on Monday May 13, and end at 5 p.m. on ...
Housing vouchers, now one of the primary methods of subsidized housing delivery in the United States, became a robust program in the United States with passage of the 1974 Housing and Community Development Act. The program, colloquially known as Section 8, currently assists more than 1.4 million households.
For non-profit developers that own the land where their housing development is located, Section 8 generally affects a project's income since rental subsidies are being provided. Project-based vouchers allow owners to dedicate a portion or all of their property for affordable rental housing and receive subsidies for doing so.
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 private ...
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