Thursday, May 25, 2017

Fannie Mae EXCLUSIVE: The crisis in affordable rental housing, Part 2

With the Section 8 Housing Choice Voucher Program, low-income renters in the program pay 30% of their incomes toward housing, with the federally funded program paying the balance to the landlord up to a set maximum. Demand is so great, however, that thousands of families can linger for years on waitlists in some cities with no assurance they will ever receive a voucher. Created in the 1970s, it may be time to take a fresh look at the voucher system to ensure we’re effectively serving today’s households.

from Byrd Mix http://ift.tt/2rlCfbL via byrd memphis developer


from Tumblr http://ift.tt/2rmqamQ

No comments:

Post a Comment