Multifamily Housing: HUD Missed Opportunities to Reduce Costs on Its Uninsured Section 8 Portfolio

ISBN-10: 0788184598
ISBN-13: 9780788184598
Pages: 87
Language: English
Published: 1999-12
Publisher: DIANE Publishing
Author: Stanley J. Czerwinski

Description

Provides info. on the Section 8 (S8) rental assistance provided to properties in the HUD uninsured S8 portfolio, the financial benefits that may be available to state and local housing finance agencies under the S8 program, and the info. HUD and the state agencies have on the physical and financial condition of the properties in their respective uninsured S8 project-based portfolios. S8 rental housing assistance is the main form of Fed. housing assistance for low-income residents. The residents of housing units that receive project-based assistance are required to pay a portion of their income for rent (generally 30%), while HUD pays the balance.