housing leased under an agreement in which the household pays a rate based on a percentage of the household's income. Also known as deep subsidy housing, conventional public housing, or Section 8 housing.
Rental assistance is available through Federal Government to low income elderly people and families. Income eligibility is 50% of median income for county residence.
financial assistance usually offered through a government program to qualifying low-income members.
A program of incentives provided by the government in the form of tax credits and other financial incentives, designed to encourage affordable and low-income housing developments.
A generic term covering all federal, state or local government programs that reduce the cost of housing for low- and moderate-income residents. Housing can be subsidized in numerous ways—giving tenants a rent voucher, helping homebuyers with downpayment assistance, reducing the interest on a mortgage, providing deferred loans to help developers acquire and develop property, giving tax credits to encourage investment in low- and moderate-income housing, authorizing tax-exempt bond authority to finance the housing, providing ongoing assistance to reduce the operating costs of housing and others. Public housing, project-based Section 8, Section 8 vouchers, tax credits, the State Housing Trust Fund, and Seattle Housing Levy programs are all examples of subsidized housing. Subsidized housing can range from apartments for families to senior housing high-rises. Subsidized simply means that rents are reduced because of a particular government program. It has nothing to do with the quality, location or type of housing. In fact, a number of Seattle's subsidized housing developments have received local and national design awards. Reference: www.phada.org/ha_list.php
Privately-owned rental units that are contracted by HUD for low-income families and individuals. Tenants pay approximately 30-40% of the rent, the rest being subsidized by HUD.
Housing designed for persons with annual incomes lower than 80 percent of the median annual income for the area. Residents are required to pay no more than 30% of their annual income for rent. The Federal Government pays the remaining portion of their rent if it exceeds 30% of their income.
Housing whose rental payments are reduced because of aid granted by the government, private enterprises or individuals.
Subsidized housing (aka social housing) is government supported accommodation for people with low to moderate incomes. To meet these goals many governments promote the construction of affordable housing.
