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Section 8 (housing) 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]
This year’s budget includes a record $17 billion for housing and homelessness programs, including $1.75 billion in federal COVID-19 relief funds to finance proposed low-income developments that ...
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 ...
www.calhfa.ca.gov. The California Housing Finance Agency (CalHFA), established in 1975, is an independent California state agency within the California Department of Housing and Community Development that makes low-rate housing loans through the sale of taxable and tax exempt bonds. [2][3]
Religious institutions and nonprofit colleges in California could soon turn their parking lots and other properties into low-income housing to help combat the ongoing homeless crisis, lawmakers ...
Between 2015 and 2018, Silicon Valley cities permitted 85% of units needed to reach the goal for residents in the Above Moderate Income category, or residents who make above 120% of the area median income. However, for very low income, low income, and moderate income residents, there has been far less housing production; 5%, 6%, and 2% of the ...
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