Why is credit history important when applying for HUD subsidized housing with Plano Community Homes
When you apply for HUD subsidized housing one of the things checked by PCHSP is your credit history by comparing it to criteria that will determine if you qualify for subsidized housing. Some of the credit criteria include number of collections, late payment of rent at present or previous housing, delinquent debt and more. It is important to remember that if your credit history does not meet the qualification criteria, your application will be rejected and you will not be p
What are HUD Section 202/8 and Section 202/ Project Rental Assistance Contracts (PRAC) and what they
The HUD Section 202 program historically developed housing for the elderly and persons with disabilities. The program began in the 1960s. Over the past 40 years it has evolved from a loan program to a capital advance program combined with other forms of assistance. The Section 202/8 program began in 1976 and ended in 1991. Funding was a long-term, direct loan to finance housing for the elderly or persons with disabilities. In 1983Plano Community Homes East Campus was d