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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 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 ...
This is a list of buildings held by the New York City Housing Authority, a public corporation that provides affordable housing in New York City, U.S. This list is divided geographically by the five boroughs of New York City: Manhattan, the Bronx, Brooklyn, Queens, and Staten Island.
West Virginia. Number of affordable and available rental homes: 53 per 100 extremely low-income renter households. Extremely low-income renter households: 63,660. Extremely low-income renter ...
Income requirement: Can’t exceed 80% of your area’s median income. DTI requirement: Up to 45% (50% in some cases. Fannie Mae’s HomeReady mortgage program addresses one of the challenges of ...
The National Low Income Housing Coalition put together a report for the 35th year in a row that outlines and brings attention to the disparity between wages and the cost of rental housing in the U.S.
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