Why Is It Called Section 8

The main public housing program in the.

Why is it called section 8. The term section 8 is usually used to describe the section 8 housing choice voucher hcv program which helps tenants pay rent based on their income and pays participating landlords the remainder of the rent. Section 8 is a common name for the housing choice voucher program funded by the u s. Section 8 housing came about as a way for the united states government to help low income residents to afford housing.

Housing choice vouchers fact sheet. The housing choice voucher program is the federal government s major program for assisting very low income families the elderly and the disabled to afford decent safe and sanitary housing in the private market. When congress established section 8 of the housing and community development act in 1974 one of the goals was to make sure people earning low wages could find decent housing and a suitable living.

Department of housing and urban development hud. This portion of article i section 8 also known as the elastic clause also known as the necessary and proper clause empowers congress to make the laws which would be necessary for it or for any. Section 8 is the common term for federal low income rental assistance programs managed by the u s.

Fort lauderdale florida housing authority director william h. Housing assistance has been an active government benefit since the early 1930s. What are housing choice vouchers.

Section 8 of the housing act of 1937 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. The section 8 program allows private landlords to rent apartments and homes at fair market rates to qualified low income tenants with a rental subsidy administered by home forward. Richard smith initially developed 11 financing in the early 1970s to accommodate a local savings and loan interested in assisting with urban renewal projects mr.

Lindsey upon the advice of housing authority attorney j. Department of housing and urban development. It is called section 8 company because the provisions relating to registration of this type of company is mentioned in section 8 of the companies act 2013.