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In the United States, subsidized housing is administered by federal, state and local agencies to provide subsidized rental assistance for low-income households. Public housing is priced much below the market rate, allowing people to live in more convenient locations rather than move away from the city in search of lower rents.
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]
In 2017, the new Atmosphere apartment building in downtown San Diego drew attention when it announced that it would be offering 205 apartments to low-income residents. Residents pay their portion of rent through Section 8 vouchers , and many of the apartments are available only to families who make 30% or less of the median income of the city. [58]
The federal government has approved two rounds of rental assistance, worth more than $46 billion total, that is slowly making its way to renters. How struggling households can get federal rental ...
To support the developer's work, Hamburg's city government agreed to provide city-owned land and acquire privately owned land on which the units would be constructed. Additionally, Hamburg modified urban planning regulations in locations occupied predominantly by low-income individuals to simplify the process of affordable housing construction.
The 2018 median home price in Silicon Valley was $1.18 million, a 21% increase from 2017. [3] Almost 90% of low income renters in the San Jose-Sunnyvale-Santa Clara metro area were cost burdened in 2017, meaning they spent more than 30% of their income on housing. [4] Over a third of mid-income renters were cost burdened as well.
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