Privately owned rental dwelling units participating in the low-income rental assistance program created by 1974 amendments to Section 8 of the 1937 Housing Act. Under the program, landlords receive rent subsidies on behalf of qualified lowincome tenants, allowing the tenants to pay a limited proportion of their incomes toward the rent.

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Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.

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