Assistance designed to lower housing expenses for eligible individuals or families, it involves financial support that reduces the amount of rent a tenant pays. For example, a program might cover a portion of a household’s monthly rental costs, allowing them to afford housing they otherwise could not.
The provision of such monetary aid serves as a crucial tool in addressing housing affordability challenges, fostering greater economic stability and preventing homelessness. Historically, it has been implemented through various governmental and non-profit initiatives aimed at ensuring access to safe and adequate housing for vulnerable populations.
