Some housing programs that are available nationwide are the Section 8 Housing Choice Voucher Program, the Section 811 Supportive Housing for Persons with Disabilities Program, and the Section 202 Supportive Housing for the Elderly Program. The Department of Housing and Urban Development also provides grants to many public housing agencies.Continue Reading
Section 8 is the largest national program for providing subsidized housing to people who have a very low-income or are disabled. The vouchers allow their bearers to pay about 30 percent of their actual monthly income for rent. Landlords must choose to accept the voucher, however. Section 8 can also provide assistance to renters who want to purchase a first home. Vouchers are administered through local agencies and are not always available.
Section 811 is similar to Section 8 but is exclusively for very low-income persons with long-term disabilities. It is meant to subsidize long-term stable housing. These vouchers are also administered through local housing agencies.
Section 202 helps to subsidize supportive housing for the very low-income elderly, such as a nursing home. As with the two previous programs, vouchers are issued by local agencies affiliated with HUD.
HUD also provides a range of annual grants to local public housing agencies, who use these grants to maintain rent-controlled dwellings for low-income individuals and families.Learn more about Real Estate