Wednesday, March 2, 2022

Section 8 (housing)

 

Section 8 (housing)

From Wikipedia, the free encyclopedia
Jump to navigationJump to search

Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f), often called Section 8, as repeatedly amended, authorizes the payment of rental housing assistance to private landlords on behalf of low-income households in the United States. Fort Lauderdale, Florida Housing Authority Director William H. Lindsey, upon the advice of Housing Authority attorney J. Richard Smith, initially developed 11(b) financing in the early 1970s to accommodate a local savings and loan interested in assisting with urban renewal projects Lindsey eventually brought to fruition[citation needed] . This was the initial impetus for the subsequent development of the now well known Section 8 Program[citation needed]. Of the 5.2 million American Households that received rental assistance in 2018, approximately 2.2 million of those households received a Section 8 Housing Choice Voucher. [1] 68% of total rental assistance in the United States goes to seniors, children, and those with disabilities.[1] The U.S. Department of Housing and Urban Development manages Section 8 programs.[2]

No comments:

Post a Comment