Housing Terms & Programs
What Is AMI (Area Median Income)?
Last Updated: April 21, 2025AMI, or Area Median Income, is one of the most important concepts in affordable housing. It’s used to determine who qualifies for housing programs and...
What Is LIHTC and Who Uses It?
Last Updated: April 21, 2025LIHTC stands for Low-Income Housing Tax Credit. It’s the largest tool for producing and preserving affordable rental housing in the U.S. How LIHTC Works LIHTC...
What Is RAD (Rental Assistance Demonstration)?
Last Updated: April 21, 2025RAD is a federal program that allows public housing agencies to convert public housing properties into long-term Section 8 contracts. It’s a strategy to preserve...
What Is the Consolidated Plan?
Last Updated: April 21, 2025The Consolidated Plan is a HUD-required document that outlines how a city, county, or state will spend federal housing and community development funds. What’s In...
What’s the Difference Between PBVs and TBVs?
Last Updated: April 21, 2025PBVs and TBVs are both types of Housing Choice Vouchers, but they operate very differently. Here’s what each one means and how they’re used. PBV:...