Section 4 Housing

The section 4 program began when the department of housing and urban development hud decided to financially support a collaborative of large philanthropic foundations and financial institutions now known as living cities and originally known as the national community development initiative.

Section 4 housing. This document outlines the three 3 organization types that qualify and also provides a list of characteristics for the most common organization type community development corporations cdcs. Through funding of national intermediaries the section 4 capacity building for community development and affordable housing program section 4 enhances the capacity and ability of community development corporations cdcs and community housing development organizations chdos to carry out affordable housing and community development activities that benefit low and moderate income families and persons. The section 42 housing program makes rental units more affordable.

Additionally there are 83 201 other low income apartments that don t provide direct rental assistance but remain affordable to low. Ohio features 133 369 low income apartments with rental assistance where households typically pay no more than 30 of their income towards rent. Here s what else you need to know about the program.

Since 1993 section 4 has been the catalyst for these non profit community development corporations cdcs to revitalize lower income neighborhoods and communities through the expansion of affordable housing job creation economic development and other activities. There are changes that may be brought into force at a future date. As a section 4 national intermediary enterprise provides grants to community development corporations cdcs and community housing development organizations chdos to enhance their capacity and ability to carry out affordable housing and community development activities that benefit low and moderate income families and persons.

Through funding of national intermediaries the section 4 capacity building for community development and affordable housing program section 4 enhances the capacity and ability of community development corporations cdcs and community housing development organizations chdos to carry out affordable housing and community development activities that benefit low and moderate income families and persons. Housing act 2004 section 4 is up to date with all changes known to be in force on or before 27 september 2020.