As part of its economic and budgetary projections, CBO estimates past and future potential outputâalso called potential gross domestic product (GDP), and defined as the maximum sustainable amount of real (inflation-adjusted) output that the economy can produce.
Transitional Housing. This means that there is a time limit on how long you can stay in the housing or receive the housing assistance. HUD defines transitional housing as stays of up to 24 months (but stays can be shorter). Short-Term or Temporary Housing. This means that the housing situation is intended to be very short-term or temporary (30, 60, or 90 days or less).
The Housing and Community Development Act of 1974 was a United States federal law that, among other provisions, amended the Housing Act of 1937 to create Section 8 housing, authorized Entitlement Communities Grants to be awarded by HUD, and created the National Institute of Building Sciences.