HUD-Assisted Housing Preservation

HUD-Assisted Housing Preservation
Format
Paperback
Publisher
Nova Science Publishers Inc
Country
United States
Published
17 February 2012
Pages
134
ISBN
9781613248560

HUD-Assisted Housing Preservation

The term assisted housing preservation refers to public policy efforts to maintain the affordability of rental properties financed or subsidised by the Department of Housing and Urban Development (HUD), but owned by private for-profit or non-profit organisations. Beginning in the late 1950s, HUD extended mortgage and/or rental assistance to owners in exchange for which the owners agreed to make their units affordable to low- and, in some cases, moderate-income tenants. This book introduces the concept of assisted housing preservation, provides background information, and discusses current public policy issues and proposed legislation corresponding to the preservation of HUD-assisted housing..

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