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Section 8 Housing Choice Voucher Program: Difference between revisions
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|InitialFunding=$200 million | |InitialFunding=$200 million | ||
|Duration=Ongoing | |Duration=Ongoing | ||
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The '''Section 8 Housing Choice Voucher Program''', established in 1974 under the Housing and Community Development Act, is administered by the Department of Housing and Urban Development (HUD) through its Office of Public and Indian Housing to provide formula grants to public housing agencies (PHAs), allocating over $200 billion since inception to support approximately 2.3 million households annually by 2025. Initially funded with $200 million, it has grown to distribute $30 billion in FY 2024 across 2,400 PHAs, funding rental assistance for low-income families, seniors, and people with disabilities in private market housing.<ref>{{cite web |url=https://www.hud.gov/topics/housing_choice_voucher_program_section_8 |title=Housing Choice Voucher Program (Section 8) |publisher=U.S. Department of Housing and Urban Development}}</ref> Despite its impact, challenges like funding shortfalls, waitlist lengths, and landlord participation issues persist (web ID: 2), but it remains a cornerstone of HUD’s affordable housing efforts. | The '''Section 8 Housing Choice Voucher Program''', established in 1974 under the Housing and Community Development Act, is administered by the Department of Housing and Urban Development (HUD) through its Office of Public and Indian Housing to provide formula grants to public housing agencies (PHAs), allocating over $200 billion since inception to support approximately 2.3 million households annually by 2025. | ||
Initially funded with $200 million, it has grown to distribute $30 billion in FY 2024 across 2,400 PHAs, funding rental assistance for low-income families, seniors, and people with disabilities in private market housing.<ref>{{cite web |url=https://www.hud.gov/topics/housing_choice_voucher_program_section_8 |title=Housing Choice Voucher Program (Section 8) |publisher=U.S. Department of Housing and Urban Development}}</ref> Despite its impact, challenges like funding shortfalls, waitlist lengths, and landlord participation issues persist (web ID: 2), but it remains a cornerstone of HUD’s affordable housing efforts. | |||
{{Official URL (simple)|url=https://www.hud.gov/topics/housing_choice_voucher_program_section_8}} | {{Official URL (simple)|url=https://www.hud.gov/topics/housing_choice_voucher_program_section_8}} | ||