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− | <b>Progralamb: Low Rent Public Housing</b>
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− | Nature and Purpose:
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− | This program provides loans or guarantees of loans to
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− | local housing authorities to assist them in the development
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− | of safe, decent, and sanitary low-rent housing projects for
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− | low-income families and others who cannot afford standard
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− | private housing.
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− | This program also provides annual contributions to local
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− | housing authorities to assist them in achieving and main-
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− | taining the low-rent character of the projects.
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− | This program provides direct benefits for poverty-stricken
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− | people.
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− | This program also provides financial assistance to local
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− | housing authorities to assist them in meeting the special
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− | housing needs of the low-income elderly.
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− | When providing accomodations designed specifically for
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− | the elderly, higher than normal Low-Rent Public Housing
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− | Programs per room cost limitations are permitted. An
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− | additional contribution to the local housing authority
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− | (up to $120 per dwelling unit per year) may be authorized.
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