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Home > Policy Advocacy > Federally Subsidized Affordable Housing
Federally Subsidized Affordable Housing
A nearly four-decade partnership between the federal government and the private sector has led to the creation of nearly two million homes affordable to economically disadvantaged households, a large portion of which include elderly or disabled individuals. These homes provide opportunities for low-income families to live in thriving communities close to health services, work, education, and affordable transportation.
From 1965 to the mid-1980s, the federal government provided critical financial incentives, including below-market interest rates (Section 236), interest rate subsidies (Section 221(d)(3) Below Market Interest Rate-BMIR) and rent subsidies (Section 8), in exchange for a commitment from property owners to keep the apartments affordable to low income households. The largest of these programs, the project-based Section 8 rental assistance program, provides affordable apartment homes for more than 1.2 million households.
The federal government has an essential role to play as a partner to owners, residents, and state and local leaders as they work to preserve critical housing resources and create sustainable communities. The National Housing Trust actively engages with federal policymakers to ensure that appropriate regulatory and legislative action is taken to protect and improve existing affordable homes.
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Recent News
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| - Next Housing Crisis Looms; 77,000 Families Face Rent Increases or Displacement as HUD-Subsidized Mortgages Mature>> (October 2010)
- Affordable Housing Preservation Bill Approved by House Financial Services Committee>>
(July 2010)
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Policy Statements and Recommendations
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- NHT Recommendations to HUD on Proposed Regulations for the Housing Production Trust Fund >> (December 2010)
- NHT Testimony on the Future of Housing Finance, House Financial Services Committee>> (September 2010)
- NHT submits comments to the Federal Housing Finance Agency on implementation of the GSEs' 'Duty to Serve' affordable housing preservation>> (July 2010)
- NHT letter to HUD with recommendations to improve the Administration's legislative proposal for the Preservation, Enhancement, and Transformation of Rental Assistance (PETRA)>> (July 2010)
- NHT Testimony on S. 118, the Section 202 Supportive Housing for the Elderly Act of 2009 >> (October 2009)
- NHT Testimony on Rep. Barney Frank's Draft Preservation Reform Bill "Housing Preservation and Tenant Protection Act of 2009" >> (July 2009)
- NHT Submits Recommendations to DOE for Weatherizing HUD Subsidized and LIHTC Housing >> (July 2009)
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