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Real Estate/Development

Jan. 2, 2000

HUD ups rent ceilings for Section 8 housing

San Francisco - To the audible sighs of relief from local housing officials, the Department of Housing and Urban Development increased the ceiling on rents for Section 8 housing in the city.

San Francisco - To the audible sighs of relief from local housing officials, the Department of Housing and Urban Development increased the ceiling on rents for Section 8 housing in the city.
Under the Section 8 program, lower-income households lease a private-market apartment from a list of HUD-approved landlords. Tenants pay 30 percent of their gross income toward the rent, and the agency picks up the remainder.
To make the list, property owners must agree to a...

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