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.

All labels observed (1)

Label Occurrences
Section 236 rental housing assistance program canonical 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf United States federal housing assistance program ⓘ
rental housing subsidy program ⓘ
administeredBy HUD ⓘ
U.S. Department of Housing and Urban Development ⓘ
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 ⓘ
createdBy Housing and Urban Development Act of 1968 ⓘ
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 ⓘ
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 ⓘ

How these facts were elicited

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 ⓘ