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