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The local housing authority administers the housing choice voucher program, formerly known as Section 8, ... charged by the landlord and the amount subsidized by the program. ... Chicago (10.8% ...
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [9])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
CHA is the largest rental landlord in Chicago, with more than 50,000 households. CHA owns over 21,000 apartments (9,200 units reserved for seniors and over 11,400 units in family and other housing types). It also oversees the administration of 37,000 Section 8 vouchers. The current acting CEO of the Chicago Housing Authority is Tracey Scott.
The Chicago Housing Authority designated a day on which Section 8 vouchers were distributed to the first several hundred callers. Applicants were screened by two standards—basic apartment maintenance and lack of a serious criminal record —and two-thirds of the applicants were accepted.
February 16, 2024 at 11:28 AM. yipengge / Getty Images/iStockphoto. Low-income households which need assistance paying monthly rent may qualify for Section 8 Housing. Although 38 million people in ...
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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