Chicago Housing Authority (CHA) the largest owner of rental housing in the city of Chicago
The most important program of CHA : The Housing Choice Vouchers
CHA’s Housing Choice Voucher (HCV) Program allows low-income families to rent quality housing in the private market via federal funds provided by the U.S. Department of Housing and Urban Development (HUD). Through the HCV Program, CHA pays a portion of eligible families’ rent each month directly to the Property Owner/Manager. Participating families can use their vouchers to rent a house or apartment from private Property Owners throughout the city of Chicago
References links: http://www.thecha.org/pages/housing_choice_voucher_program/69.php
Federal Housing Administration (FHA) –The Federal Housing Administration, generally known as “FHA”, provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories.
This video shows that how does FHA loans work.
I will keep finding something to supplement this blog