Housing that is moderately priced that, in this case, meets the standards of the HOME program and can be either purchased or leased by families or individuals who are classified as low-income under the HOME program. To cover the shortfall between tenant rents and operating expenses, HUD pays operating subsidies to most PHAs. To cover modernization of existing public housing, HUD makes modernization grants to PHAs. Any interest-bearing or discounted government or corporate security that obligates the issuer to pay the bondholder a special sum of money, usually at specific intervals, and repay the principal amount of the loan at maturity.
Bondholders have an IOU from the issuer, but no corporate ownership privileges.
Private sources must provide a match 3 times the amount of any assistance provided under this section. Tenant-based rental housing provided under Section 8 of the U.S. Housing Act of 1937. The tenant contribution to rent is limited to 30 percent of the adjusted income of the assisted family or individual. Mapping software developed by HUD to track where various HUD funds are being spent in communities across the country. Communities are being encouraged to utilize the new software in any new Consolidated Plans they are planning to submit to HUD for federal assistance.