Glossary of HUD Terms

SA: See SUBAREA.

SAS: Originally called statistical analysis software, SAS is software that allows users to perform a range of statistical analyses. Some of the HUD USER data sets are available in SAS.

SECRETARY'S AWARD PROGRAM: Awards from the HUD Secretary for best in residential housing design, excellence in historic preservation, and excellence produced through cooperative public/private efforts that expand homeownership opportunities for underserved American families.

SECTION 202: Provides capital advances to finance the construction, rehabilitation or acquisition (with or without rehabilitation) of structures that will serve as supportive housing for very-low-income elderly persons, including the frail elderly, and provides rent subsidies for the projects to help make them affordable.

SECTION 8 EXISISTING RENTAL ASSISTANCE: Provides rental assistance to low-income families who are unable to afford market rents. Assistance may be in the form of vouchers or certificates.

SECTION 8 HOMEOWNERSHIP PROGRAM: Allows low-income families who qualify for Section 8 rental assistance to use their certificates or vouchers to pay for homeownership costs under a mortgage.

SUBAREA (SA): Designation placed in front of those areas where only the counties or towns of the subarea are used in calculating income limits and FMRs.

SWEAT EQUITY: Using labor to build or improve a property as part of the down payment.

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