Section 236 rental housing assistance program
E837705
The Section 236 rental housing assistance program is a U.S. federal initiative that subsidizes mortgage interest for private developers to provide affordable rental housing to low- and moderate-income households.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal housing assistance program
ⓘ
rental housing subsidy program ⓘ |
| administeredBy |
HUD
NERFINISHED
ⓘ
U.S. Department of Housing and Urban Development NERFINISHED ⓘ |
| administeredUnder | HUD multifamily housing programs framework ⓘ |
| beneficiary | owners of eligible multifamily projects ⓘ |
| benefits | subsidized mortgage interest for private developers ⓘ |
| benefitsToOwners | reduced effective mortgage interest rate ⓘ |
| benefitsToTenants | lower monthly housing costs ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| createdBy | Housing and Urban Development Act of 1968 NERFINISHED ⓘ |
| distinguishedFrom | tenant-based rental assistance programs ⓘ |
| eligibilityCriterion |
HUD-approved mortgage financing
ⓘ
income limits for tenants ⓘ |
| focus | rent reduction through lower debt service costs ⓘ |
| fundingMechanism | federal subsidies to mortgage lenders ⓘ |
| goal |
to increase supply of affordable rental housing
ⓘ
to reduce tenants' rent payments ⓘ |
| housingMarketSegment | subsidized multifamily housing ⓘ |
| housingType | multifamily rental housing ⓘ |
| impact | creation of long-term affordable rental units ⓘ |
| implementedThrough | private developers ⓘ |
| legalBasis | Section 236 of the National Housing Act ⓘ |
| levelOfGovernment | federal ⓘ |
| monitoredBy | HUD multifamily housing offices ⓘ |
| objective | to encourage private investment in affordable housing ⓘ |
| policyArea |
housing policy
ⓘ
social welfare policy ⓘ |
| policyInstrument | mortgage interest subsidy ⓘ |
| purpose |
to provide affordable rental housing to low-income households
ⓘ
to provide affordable rental housing to moderate-income households ⓘ |
| regulates | maximum rents that can be charged ⓘ |
| relatedTo |
Section 221(d)(3) Below Market Interest Rate program
ⓘ
Section 8 housing assistance program ⓘ |
| requires |
HUD regulatory agreement with property owner
ⓘ
long-term affordability restrictions ⓘ |
| sector | private housing development sector ⓘ |
| startDate | 1968 ⓘ |
| statutoryAuthority | National Housing Act NERFINISHED ⓘ |
| subsidyRecipient | mortgage holders on eligible properties ⓘ |
| subsidyType | interest rate reduction ⓘ |
| targetPopulation |
low-income renters
ⓘ
moderate-income renters ⓘ |
| tenantsPay | reduced rent compared to market levels ⓘ |
| tenureType | rental housing ⓘ |
| typeOfSubsidy | supply-side housing subsidy ⓘ |
| usesTool | interest reduction payments ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Housing and Urban Development Act of 1968
→
createdProgram
→
Section 236 rental housing assistance program
ⓘ