Examples of Certificate program in a sentence
The Act was intended to provide financial assistance to states and cities for public works projects, slum clearance and the development of affordable housing developments for low-income residents.The Housing and Community Development (HCD) Act of 1974 created a new federally assisted housing program – the Section 8 Existing program (also known as the Section 8 Certificate program).
The Voucher program was very similar to the Certificate program in that eligible families were able to select housing in the private rental market and receive assistance in that housing unit.However, the Voucher program permitted families more options in housing selection.
The HCD Act represented a significant shift in federal housing strategy from locally owned public housing to privately owned rental housing.Under the Certificate program, federal housing assistance payments were made directly to private owners of rental housing, where this housing was made available to lower-income families.
Consequently, the Certificate program was characterized as tenant-based assistance, rather than unit-based assistance.The Housing and Community Development (HCD) Act of 1987 authorized a new version of tenant-based assistance – the Section 8 Voucher program.
Family contribution to rent was generally set at 30 percent of the family’s adjusted income, with the remainder of the rent paid by the program.Another unique feature of the Certificate program was that the rental assistance remained with the eligible family, if the family chose to move to another privately-owned rental unit that met program requirements (in contrast to the public housing program where the rental assistance remains with the unit, should the family decide to move).