What does subsidize home mean

What does subsidize home mean?

Let’s start with the simple version: If you qualify for a subsidized housing program, your rent will be covered in full or in part by your federal or state government. This means you will pay no more than a certain percentage of your income towards rent each month. The most common subsidy programs in the United States are Section 8 and Public Housing programs.

What does subvention mean in English?

If you're buying a government-sponsored home, you'll likely finance the purchase through the federal government's mortgage assistance program. That way, the government will pay a portion of the interest you owe on your home's mortgage each month. A federal mortgage-assistance program is also sometimes called a subsidized loan.

What does me mean in English?

To subsidize means to provide something for little or no cost to those who need it. In the U.S., the term “home subsidy” refers to a government-sponsored program that helps low-income homeowners pay a portion (or all) of their monthly mortgage payments. By helping qualifying homeowners stay in their homes, home subsidies help to stabilize home values and promote economic development in the community.

What does subsidize mean in Spanish?

To subsidize something means to finance it or add to its cost. For example, if you pay more tax on humidifiers because of a byproduct of the evaporation process, the water company might subsidize humidifier purchases. Or the government might subsidize electric cars, which are expensive to make. So if you buy an electric car, you might not have to pay the full cost.

What does subsidize mean in my sentence?

By subsidize, I mean help someone pay for something they couldn’t otherwise afford. In the mortgage world, this would be called a “government-backed loan” or a “government-insured loan.” The government typically offers this help through the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA).