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Section 8
The Housing Choice Voucher

What is Section 8?

The Housing Choice Voucher Program, commonly known as Section 8, is a federal assistance program that helps low-income families, the elderly, and individuals with disabilities afford decent and safe housing in the private market. This program is administered by local public housing agencies (PHAs) and allows participants to choose their housing, including single-family homes, townhouses, and apartments, provided the housing meets the program's requirements.

Participants in the Section 8 program typically pay 30% of their adjusted gross income towards rent, with the PHA covering the difference between this amount and the rent charged by the landlord, up to a locally determined payment standard. In 2023, the U.S. government spent approximately $31 billion on Section 8 vouchers, reflecting its commitment to ensuring that low-income households can access affordable housing across the country. This funding helps promote economic mobility and stability by allowing recipients to live in better neighborhoods with access to improved amenities​.

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Community Banks

Community Banks

Benefits

Community banks play a crucial role in supporting local economies by offering commercial real estate financing tailored to the specific needs of their communities. Unlike national banks, community banks have a deep understanding of the characteristics of their local areas, including the population mix, the types of existing businesses, and the unique challenges and opportunities present. This local knowledge allows them to offer more personalized lending solutions for multifamily property acquisitions, ensuring that the projects they finance are well-suited to the needs and dynamics of the community.

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Real Estate Private Equity

Real Estate Private Equity
What Is Real Estate Private Equity?

Real estate private equity refers to investment funds that pool capital from various investors to acquire, manage, and sell real estate assets, aiming to generate high returns. As of 2023, real estate private equity funds in the United States hold an estimated $300 billion in assets under management. A significant portion of this capital is invested in multifamily properties, as these assets provide steady cash flow and potential for long-term appreciation. The multifamily sector remains a popular choice due to its stability, especially in times of economic uncertainty, making it a key component of many private equity portfolios.

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Local and National Partners

Local and National Partners

Real Estate Private Equity

The 1 Percent Club is set to establish strategic marketing partnerships with both local small businesses and national for-profit businesses to enhance its visibility as a pivotal organization in expanding the U.S. affordable rental inventory. These collaborations are designed to amplify awareness and support for The 1 Percent Club's initiatives, engaging a broad spectrum of the business community from family-owned enterprises to large public companies. By aligning with The 1 Percent Club, businesses not only participate in a noble cause but also connect their brand with social responsibility, enhancing their public image and appeal to consumers who value corporate citizenship.

 

These marketing partnerships are crucial for generating the necessary funding to finance the acquisition of hundreds of millions of dollars' worth of multifamily properties annually. By contributing to this cause, businesses play a significant role in reducing the financial strain on local communities exacerbated by the current homelessness crisis. Their involvement ensures a direct impact, helping to alleviate housing insecurity and fostering stronger, healthier communities. This collaboration benefits everyone involved, from business owners to shareholders, by not only contributing to a humanitarian effort but also by potentially enhancing customer loyalty and corporate reputation through their association with such impactful work.

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Real Estate Investment

Real estate private equity refers to investment funds that pool capital from various investors to acquire, manage, and sell real estate assets, aiming to generate high returns. As of 2023, real estate private equity funds in the United States hold an estimated $300 billion in assets under management. A significant portion of this capital is invested in multifamily properties, as these assets provide steady cash flow and potential for long-term appreciation. The multifamily sector remains a popular choice due to its stability, especially in times of economic uncertainty, making it a key component of many private equity portfolios.

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Local and National Donors

Local and National Donors
Become a Donor

Donating to The 1 Percent Club is a powerful way to expedite the increase of affordable apartment rental inventory throughout the US. By channeling funds directly into the acquisition and renovation of multifamily properties, donations help address the urgent need for affordable housing. Each contribution plays a crucial role in leveraging additional financing and resources, allowing The 1 Percent Club to scale their operations and impact more communities faster. The donations also enable strategic partnerships and collaborations that further enhance the organization's capacity to serve more families and individuals in need.

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Join the Club

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Become a member and enjoy the benefits

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