cschuldt@nujournal.com
NEW ULM The New Ulm Economic Development Authority (EDA) voted Tuesday to establish a new rehab loan programs for single-family homes.
The loan program is called “The Get It Ready” program and provides loans with less-than-market rates to homeowners who have significant, necessary and expensive rehabilitation needs on their homes which may impact the home’s livability and attractiveness when selling.
The program using EDA funds intends to stimulate needed investments in homes that need additional work to “get it ready” for the market. Other programs of this variety are available in the region.
City Manager Chris Dalton said constructing new houses is not possible for new families and first-time homebuyers. He said this loan would help homeowners fix up the bones of a house.
The house in the 300 block of East 14th Street in Columbus has two full baths, off-street parking, a washer and dryer, is pet-friendly and includes a disclaimer to prospective renters that is common among the city s rental ads: No Section 8, meaning people subsidized by federal housing vouchers need not apply.
But those days are about to come to an end after the Columbus City Council on Monday approved a package of housing legislation that includes protection for renters from income discrimination, particularly outlawing the practice of denying low-income residents leases if they rely on federal Department of Housing and Urban Development Section 8 housing vouchers.
Section 8 housing vouchers in short supply for Arizona families
One of the ways affordable housing is provided to low-income families is through the federally funding Section 8 Housing Choice Voucher program. The program allows tenants with low-income to rent from private landlords and pay 30 percent of their monthly income toward rent and utilities with the voucher making up the difference. But the wait for the voucher can take years.
and last updated 2021-03-03 21:02:29-05
PHOENIX â One of the ways affordable housing is provided to low-income families is through the federally funded Section 8 Housing Choice Voucher program.
The program allows tenants with low-income to rent from private landlords and pay 30% of their monthly income toward rent and utilities with the voucher making up the difference.
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Effective March 22, 2021, Housing Authority of the City of Peru (PHA) on behalf of the Indiana Housing and Community Development Authority (IHCDA) funded by the U.S. Department of Housing