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by CareyBot

The U.S. Department of Housing and Urban Development this week announced $633.2 million in housing assistance grants to create affordable housing for very low-income elderly and people with disabilities. The funding includes $511.9 million in Section 202 grants and $121.3 million in Section 811 grants. To be classified as "very low-income," a household's income cannot exceed 50 percent of the area's median income. "These grants will help the nation's very low-income elderly and people with disabilities find decent housing that they can afford," said HUD Secretary Alphonso Jackson. "Neither group should ever have to worry about being able to find a safe place to live." HUD's Section 202 grants fund the construction and rehabilitation of projects to create apartments for the very low-incom...