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SPECIAL FEATURES COMPARISON <br />PUBLIC HOUSING PROGRAM -- RENT SUPPLEMENT PROGRAM <br /> <br />Administered by: <br /> <br />Developed under: <br /> <br />Controlled by: <br />Funded by: <br /> <br />PUBLIC HOUSING <br /> <br />Public Housin.q Authority <br />Local Housinq Authority <br /> <br />Local Housinq Authority <br /> <br />RENT SUPPLEMENT <br /> <br />Federal Housina Administration <br />Private enterprise <br /> <br />Private enterprise <br /> <br />Federal Government Private enterprise & Federal Government <br /> <br />Mortgage insured: <br /> <br />Federal Government Funds <br /> <br />Federal Housinq Administration <br /> <br />Constructed(or rehabilitated)) <br />Building standards: <br /> <br />Occupied by: <br /> <br />REnt control: <br /> <br />% Tenant's rent: <br /> <br />"Turnkey" or subcontracted locally <br />Government specs <br />Low income elderly Same <br />Local Housing Authority (Fed.) <br />25% of income Same <br /> <br />Local and outside <br /> <br />Local, State and F. H. A. <br /> <br />Federal Housinq Administration <br /> <br />Govt. supplement or subsidy? Yes <br /> <br />Yes <br /> <br />Taxation: <br /> <br />Location: <br /> <br />', ;iai features; <br /> <br />Certain funds in lieu of taxes <br />(experience shows this to be substan- <br />tially less than local real estate taxes) <br />Close to business, transportation, <br />churches, etc. <br /> <br />Owner taxed at municipal tax rates <br /> <br />Close to business, transportation, <br />churches, etC. <br /> <br />Requires no investment of capital by <br />municipality <br /> <br />Requires no investment of capital by <br />municipality <br /> <br />Increases tax base <br /> <br />REQUIRES: <br /> <br />Tight control by FHA results in good <br />quality construction at less cost <br /> <br />REQUIRES: <br /> <br />Establishment of Local Housing Authority Adoption of resolution by Governing Body <br />Housing Code <br /> <br />INVESTORS REAL ESTATE FUND, INC. <br /> <br /> <br />