Housing Development Of Affordable Housing And Urban Area For Low Income Individuals Essay

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An extensive description of these programs includes HUD that deals with the development of affordable housing in urban area for low-income individuals. Lack of housing options have driven fissure in education, health and economic opportunities, in fact, the Mississippi Delta has the state’s average home value standing at 50 percent lower than the national average, making the state the second lowest in the country. The goal of the Department of Housing and Urban Development was to focus on insuring mortgages for single-family and multifamily dwellings and extending loans for home improvements and for the purchase of mobile homes; channeling funds from investors into the mortgage industry through the Government National Mortgage Association; and making loans for the construction or rehabilitation of housing projects for older and handicapped persons. Moreover, some of the qualifications for HUD voucher are based off the individual annual gross income and their citizenship status. While approximately 40 percent of the housing stock in the nation is worth less than $100,000, nearly 68 percent of the homes in the Delta are worth less than $100,000. Correspondingly, Improvement of Housing and Infrastructure Conditions in the Lower Mississippi Delta, a recent released report by the Housing Council, focused on documenting some of the different approaches to improving housing and infrastructure conditions in the Delta, how to overcome obstacles, and provide practices other
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