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What is subsidized housing?

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What is subsidized housing?

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The federal government has funded subsidized housing for low income renters since the Housing Act of 1937. In Larimer County, as in the rest of the country, there is public housing and subsidized housing (generally through a Housing Choice Voucher program). Under these programs, qualified households typically pay 30% of their incomes toward their rent. The Federal government, through a Department of Housing and Urban Development (HUD) program, pays the rest. To be eligible for programs in Larimer County, people must meet applicable income limits, which vary by household size. Once qualified for a program, a household will generally be put on a waiting list for assistance. The wait for a slot in the program can vary from two years up to four years.

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