What is Section 8 for US real estate?
When one is interested in American real estate, it is common to see real estate advertisements at very competitive prices, not to say sold off. These opportunities in the USA correspond above all to housing in section 8 . What are these apartments and houses? And who are the tenants? What are the prospects for such a real estate investment? Housing assistance for tenants “Section 8” is a common name for the Choice Voucher program, funded by the US Department of Housing and Urban Development (HUD). It grew out of a Housing Act ratified in 1937 by the then government during the Great Depression. The U.S. Department of Housing and Urban Development (HUD) has many programs that help low-income families with housing costs . Section 8 deals with private housing , while public housing consists of entire government-sponsored housing developments. How was Section 8 born? In the 1970s, when studies showed that the worst housing problem affecting low-income people was no longer poor housing,