4 Common Types Of Housing Vouchers And How To Use Them
Housing vouchers are subsidies provided by the government to assist low-income families, elderly, and disabled individuals to access affordable and decent housing in the private rental market. There are several types of housing vouchers available:
1. Section 8 Vouchers
This is one of the most common types of housing vouchers. It is administered by the Department of Housing and Urban Development (HUD) and helps low-income families, seniors, and individuals with disabilities to pay rent in privately-owned apartments. The voucher pays a portion of the rent directly to the landlord, making it affordable for the individual or family.
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