Affordable Housing

Housing and Urban Development Department (HUD)
The Housing and Urban Development Department (HUD) is a U.S. government agency designed to ensure fair housing standards and affordable housing across the country.
Public Housing
Public housing refers to government-owned housing units that are made available to low-income individuals and families for nominal rental rates. It aims to ensure affordable and adequate housing for those who might not be able to afford it otherwise.
Section 8 Housing
Section 8 Housing refers to privately-owned rental units that participate in the low-income rental assistance program created by the 1974 amendments to Section 8 of the 1937 Housing Act. Under this program, landlords receive rent subsidies on behalf of qualified low-income tenants, allowing these tenants to pay a limited proportion of their incomes towards rent.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.