rental subsidies
Rental subsidies are financial assistance programs designed to help low-income individuals and families afford housing. These subsidies can reduce the amount of rent that tenants must pay, making it easier for them to secure stable and safe living conditions. They are often provided by government agencies or non-profit organizations.
Typically, rental subsidies are allocated based on income levels and family size. Programs like the Housing Choice Voucher Program allow eligible participants to pay a portion of their income towards rent, while the subsidy covers the remaining amount. This support helps to alleviate housing costs and promote economic stability.