Woda Management is a leading group of experienced developers, contractors, and property managers with over 25 years of experience. Woda Management works with affiliates to provide beautiful affordable housing and senior communities across 13 states.
2. INTRODUCTION
Woda Management is a leading group of experienced
developers, contractors, and property managers with
over 25 years of experience. Woda Management
works with affiliates to provide beautiful affordable
housing and senior communities across 13 states.
Question: What is affordable housing?
Answer: Affordable housing is the blanket term for
public housing and government-subsidized housing.
This includes U.S. Department of Housing and Urban
Development (HUD) subsidized housing, section 8
housing choice vouchers, and public housing
complexes.
3. AFFORDABLE HOUSING
Question: Who qualifies for affordable housing?
Answer: Affordable housing projects are set aside for families who
spend more than 30, or sometimes 50, percent of their income on
housing, and whose income falls below the local median.
According to the U.S. Department of Housing and Urban
Development, there are now more than 12 million American
households paying 50% of their income for housing.
Question: What are housing vouchers?
Answer: The housing choice voucher program, commonly called
section 8, helps low income families afford housing in the public
market. Vouchers are administered by local public housing
agencies, who pay a subsidy directly to a landlord. The renting
family only pays the difference between rent and the subsidy.