Home › News ›

The American Dream for One Million

Posted by: Abhijeet Chavan
Thanks to: Abhijeet Chavan
12 September 2000 - 1:00pm

HUD unveiled a new program that makes the dream of homeownership achievable for more than one million working families now receiving HUD Section 8 rental assistance vouchers.

Housing and Urban Development Secretary Andrew Cuomo today unveiled a newprogram that makes the dream of homeownership achievable for more than one million workingfamilies now receiving HUD Section 8 rental assistance vouchers. Under the program, Section 8 rental assistance vouchers can be used to purchase homes. Once the program goes into effect in October, vouchers may be used to purchase a new home, anexisting single-family home, a home under construction or shares in a cooperative.

Full Story: HUD No. 00-231
Source: HUD News, September 11, 2000
»
Bookmark and Share
“
"This ends up being, to be sure, a second best alternative, but it's better than the third best alternative, which is to do nothing." -- Jerold Kayden
”