Definitions for "SECTION 8 HOUSING"
Created by the 1974 amendments to Section 8 of the 1937 Housing Act, it is a federal program in which the government subsidizes much of the rent, in privately owned apartments, on behalf of qualified low-income tenants.
a federal rent subsidy program. The tenant pays a portion of the rental cost based on a percentage of their income. Also known as deep subsidy.
Refers to housing subsidized by HUD.
Keywords:  security
Section 1031 Security