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Program: Low Rent Public Housing

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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