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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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