Income-based housing benefit
An income based housing benefit is a government program
In the United States, the largest income based housing benefit is the Housing Choice Voucher program, which is one of the programs authorized under Section 8 of the Housing Act of 1937, commonly known as Section 8. It pays a large portion of the
which pays a large portion of the rents and utilities of about 2.1 million households. The U.S. Department of Housing and Urban Development manages Section 8 programs.[2]
The Housing Choice Voucher Program provides "tenant-based" rental assistance, so a tenant can move from one unit of at least minimum housing quality to another. It also allows individuals to apply their monthly voucher towards the purchase of a home, with over $17 billion going towards such purchases each year (from ncsha.org analysis).[citation needed] The maximum allowed voucher is $2,000 a month.