Assistance program
Interest Reduction Payments Rental and Cooperative Housing for Lower Income Families
-$80.5 Million committed in FY2018–FY2025
- Agency
- Asst Secretary for Housing--Federal Housing Commissioner, Housing and Urban Development, Department of
- Assistance
- Direct Payments for Specified Use;Guaranteed/Insured Loans
- CFDA number
- 14.103
- What it does
- To provide good quality rental and cooperative housing for persons of low-and moderate-income by providing interest reduction payments in order to lower their housing costs.
- Who benefits
- Occupants of projects receiving IRP payments and owners benefit.
- Who applies
- Eligible mortgagors included nonprofit, cooperative, builder-seller, investor-sponsor, and limited-distribution sponsors. Public bodies did not qualify as mortgagors under this program.
- Authorized by
- National Housing Act, as amended, Section 236, Public Law 90-448, 12 U.S.C. 1715.
Committed by fiscal year
Top recipients
By dollars committed.
How to read these numbers
- Committed through this program
Money committed under this assistance listing (its CFDA program), counted in the year each action happened.
- How it's paid
Most programs pay out one way — a grant, or a direct payment to individuals; the flow bar only appears when a program genuinely mixes types.
- Some recipients aren't itemized
For entitlement programs like Social Security and Medicare, the government reports one aggregate instead of naming tens of millions of people, so the recipient roster isn't part of the public record.
- Awards, counted once
An award count is the number of distinct awards with at least one action that year — each counted once, however many times it was amended.
- The colored bars
Every bar on this page splits by how the money moves:
Direct payments