Rent Subsidy
A rent subsidy is a financial assistance program designed to help individuals or families afford housing costs. It typically provides direct payments to landlords or tenants, reducing the amount of rent that tenants need to pay out of their own pockets. This support is often aimed at low-income households, ensuring they can secure stable and safe living conditions.
These subsidies can come from various sources, including government programs like the Housing Choice Voucher Program or local initiatives. By lowering the financial burden of rent, these subsidies help prevent homelessness and promote housing stability for those in need.