Report by the Secretary of the Treasury and the Secretary of Housing and Urban Development on the Financing of Programs Authorized Under Section 236 of the National Housing ACT and Section 802 of the Housing and Community Development Act of 1974

Report by the Secretary of the Treasury and the Secretary of Housing and Urban Development on the Financing of Programs Authorized Under Section 236 of the National Housing ACT and Section 802 of the Housing and Community Development Act of 1974

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Excerpt from Report by the Secretary of the Treasury and the Secretary of Housing and Urban Development on the Financing of Programs Authorized Under Section 236 of the National Housing Act and Section 802 of the Housing and Community Development Act of 1974 The Section 236 program was established by the Housing and Urban Development Act of 1968 to subsidize rental and cooperative housing for low and moderate income families. Section 236 projects are privately owned. Mortgages are generally insured by fha, although some 236 funds have been channelled to non - insured State-aided projects. The primary subsidy mechanism is an interest reduction payment which can lower debt service costs to the level of a mortgage with an interest rate of. The 236 program has been suspended since January 5, 1973, although a number of 236 projects are still in the pipeline. In fiscal year 1975, approximately $400 million in interest subsidies was paid for units already committed. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.show more

Product details

  • Paperback | 134 pages
  • 152 x 229 x 7mm | 191g
  • Forgotten Books
  • United States
  • English
  • , black & white illustrations
  • 0243110502
  • 9780243110506