[ad_1]
“To help PHAs address rental market conditions that are creating challenges with mainstream leasing, HUD awarded both new vouchers and extraordinary administrative fees,” HUD said in a statement. “The $5 million of extraordinary administrative fees awarded in this round of funding to 88 PHAs can be used to support housing search and leasing up of eligible applicants, in addition to easing costs related to the retention, recruitment, and support of participating owners. This will include security deposits, signing bonuses, vacancy payments, and damage mitigation. All of this will allow PHAs to improve their processes so that families can successfully use their mainstream voucher.”
“People with disabilities deserve access to affordable housing that meets their needs,” said HUD secretary Marcia Fudge. “Today’s funding is an important step forward – one that will help more persons with disabilities serve as fully integrated members of their communities and allow them to live independently and with dignity.”
Can’t keep up with the latest mortgage news? Get exclusive interviews, breaking news, and industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.
[ad_2]
Source link
