B1: Rental Housing
Expand access to and availability of decent, affordable rental housing. Other Information:
To help low-income families afford the costs of rental housing, HUD provides rental assistance to more than four million households
through public housing and assisted housing programs. HUD’s largest program, the Housing Choice Voucher program, is a $15
billion asset that currently provides rental assistance to 1.8 million low income families. Additionally, approximately one
million families live in public housing. Through the HOME program, HUD provides states and localities with flexible funding
they can use to produce affordable rental housing. Through the use of FHA insurance, HUD provides flexible, long-term insurance
for private investors and lenders to support the production and preservation of affordable rental housing. The Department
also funds a number of rental assistance programs geared to special populations: the Housing Opportunities for Persons with
AIDS (HOPWA) program and homeless assistance programs are two important examples. Within the constraints of its budget, HUD
seeks to provide affordable housing opportunities to as many families as possible. HUD’s several housing assistance programs
together reduce the potential number of families with worst case housing needs by about half.HUD also will work to develop
creative solutions to the problems presented by local regulatory barriers and other obstacles to the development of affordable
rental housing. The Department, through FHA’s multifamily mortgage insurance programs, improves the affordability of rental
housing and of health care facilities, such as nursing homes and assisted living facilities. FHA mortgage insurance is often
used in conjunction with Low Income Housing Tax Credits and other federal, state, and local subsidies to produce and support
affordable housing.
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