Affordable housing refers to housing units that are designed to be affordable for low and moderate-income households. There are different types of affordable housing programs available in the United States, including Public Housing and Rental Assistance Demonstration & Project Based Rental Assistance (RAD- PBRA )Properties.
Public housing is a government-funded program that provides housing to low-income families, elderly individuals, and people with disabilities. Public housing units are owned and operated by local housing authorities, which are funded by the Department of Housing and Urban Development (HUD).
Conventional Public Housing Units are are apartment units that are owned and managed by the public housing authority. They are rented to eligible families at a subsidized rate, which is typically around 30% of their income.
Both Public Housing and RAD-PBRA programs are designed to provide safe, affordable housing options for low and moderate-income families. These programs can help families achieve greater stability and security while also improving the overall quality of life for the community.