|Statement||by the Comptroller General of the United States|
|The Physical Object|
|Pagination||19 p. ;|
|Number of Pages||19|
Public housing is limited to low-income families and individuals. The PHA determines your eligibility based on: 1) annual gross income; 2) whether you qualify as elderly, a person with a disability, or as a family; and 3) U.S. citizenship or eligible immigration status. OF THE UNITED STATES Lenient Rules Abet The Occupancy Of Low Income Housing By Ineligible Tenants The occupancy of section 8 housing by ineli- gible households is a significant and costly problem. The purpose of this chapter is to present the occupancy rules for multi-family housing The very low-income limit is established at approximately 50 percent of the median In projects operated under Plan I, ineligible tenants will be charged. The Low Income Housing Tax Credit (LIHTC) was created by Congress under Section of the Tax Reform Act of to promote the construction and rehabilitation of housing for low income persons. The tax credit provides a means by which developers may raise capital for the construction or acquisition and substantial rehabilitation of housing.
– If there are several occupancy ineligible tenants (i.e., 1 person in a 2 bedroom unit), the first household required to move would be the one whose lease expires first • Second Priority – waiting list, selected in the following order: – Very low income applicants – Low income applicants – Moderate income applicants. Low-income limit 80% of median income Very low-income limit 50% of median income Extremely low-income limit 30% of median income 1. Section 8 Income Eligibility. Section 8 properties, depending upon the effective date of the initial Housing Assistance Payments (HAP) contract for the property, use either the low or very low-income limit. a. Subpart F - Section 8 and Public Housing, and Other HUD Assisted Housing Serving Persons with Disabilities: Family Income and Family Payment; Occupancy Requirements for Section 8 Project-Based Assistance (§§ - ) Subpart G - Physical Condition Standards and Inspection Requirements (§§ - ). A. Chapter 8 addresses terminating housing assistance and terminating tenancy. Under program regulations and leases, termination of assistance occurs when a tenant is no longer eligible for subsidy or to enforce HUD program requirements. It results in the loss of subsidy to the tenant. Tenants whose assistance is terminated.
30% of public housing households include family member under age of 62 who is disabled o 65% are considered extremely low income (income of public housing residents: $14, o Stark racial disparities: 45% headed by African Americans 25% headed by Hispanics/ Latinos. in the Housing Choice Voucher program or unassisted very low-income elderly persons. In , the median age of Section residents was 74 years, and 31 percent were age 80 or older. For elderly persons admitted to Section housing that year, the median age was 70 years, and about 19 percent of all persons admitted to Section housing. A property’s low income housing tax credits (Section 42 LIHTC) can be calculated by using a three-step process: 1. Determine the “eligible basis” (the total cost basis that is eligible for consideration in the calculation of the “qualified basis.”) 2. Calculate the “applicable fraction” and “qualified basis” (the percentage of the property that is dedicated to affordable. According to the National Low Income Housing Coalition, “in , for every extremely low income renter households, there were just 31 affordable and available units.” The Coalition then noted, “in no state can an individual working a typical hour workweek at the federal minimum wage afford a one- or two-bedroom apartment for his.