Altos: Critics wrong about housing, it’s going to soar

Altos: Critics wrong about housing, it’s going to soar

2015 will see notable price appreciation

The real reason Fannie and Freddie don't do principal modifications

Looking out for your retirement

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line
W S
Lending / The Ticker

HUD provides $14.8 million for senior housing

coins stacked

The U.S. Department of Housing and Urban Development provided $14.8 million to preserve affordable rental assistance for elderly tenants living in subsidized properties through its Senior Preservation Rental Assistance Contracts.

The program is targeted for properties in HUD’s Section 202 “Supportive Housing for the Elderly” program and helps support affordable rent for seniors living in more than 1,700 units located in 12 properties in six states.

Without interventions like SPRACs, HUD estimates that maturing mortgages will signal the elimination of affordability protections for approximately 19,000 low- and very-low income seniors.

Recent Articles by Brena Swanson

Comments powered by Disqus