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).
For a more thorough explanation of the HUD definition, see Chapter 2 of this guidebook under the. section entitled Continuum of Care-Funded Programs. There is a text entitled âEligible Beneficiaries of. HUDâs Homeless Assistance Grant Programs.â Additionally, note that this was HUDâs definition at the.