Subsidized Housing
Definition of "Subsidized housing"
Housing whose rental payments are reduced because of aid granted by the federal, state, or local governments, private enterprises, or individuals. For example, monthly rental payments for elderly individuals living in senior citizen subsidized housing complexes are significantly lower than the e fair market value of these payments due to federal subsidies.
Popular Real Estate Terms
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A written mortgage document. A mortgage instrument states the terms of the mortgage including the interest rates, length of payments, payment dates, and remedies the bank is entitled to in ...
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