What is the difference between housing and section 8?

Answer 1

Subsidized housing is referred to as housing that is subsidized by several different programs, including, but not limited to, the section 8 program. There is no such thing as section 8 housing, per se. The section 8 program is comprised of a voucher program, by which its holder would look for an apartment or other rental home, and the landlord, a private owner, would agree to accept the voucher for its part of the rent payment, and charge the renter the difference. The other program that often is referred to section 8, but it really isn't, is public housing. Like section 8, is administered by the local housing authority in the area, which is why it is often mistaken for section 8. People also call it section 8 because it too is covered under the section 8 program that voucher programs covered under.

Many apartments in the rural area and some urban areas are financed by government sponsored guaranteed loans with low interest to the owner of the property. In exchange, the owner agrees to assist low income renters by adjusting their rent according to their income. These apartments are called low income housing tax credit , or LIHTC apartments. They are subsidized under HUD and USDA.

Answer 2

This question needs more clarification. I presume you are asking for the answer to the difference between regular housing and section 8 housing. Regular housing is a conventional property rental site: the tenant pays the landlord and gets to live on the property is rented from the landlord. These apartment complexes may or may not have their own form of rental assistance. Section 8 housing, on the other hand, is federally subsidized housing and can be in the form of project-based assistance or tenant-based assistance. In a project based setting, the property is owned by the Housing Authority of the city or county in which you live. Tenant to move there must remain there if they want to continue to be subsidized they may not move or transfer except to another housing complex that is owned by the same Housing Authority. However, tenant-based assistance is the ability for tenant to receive a voucher, which allows the tenant to find their own home to rent, and the voucher would guarantee that the landlord will be paid for their part of the assistance payments, while the tenant pays their part of the rent.