Alphabet Soup: Breaking Down Housing and Community Development Terms
Shelterforce, a publication covering the worlds of community development, affordable housing, and neighborhood stabilization, has developed this glossary to help practitioners understand commonly used terms and abbreviations in the community development and housing sectors, and their definitions. Entries include:
- FMR – fair market rent
A measure set by the Department of Housing and Urban Development (HUD), per region, and used to determine how much HUD will pay toward rent for Housing Choice Voucher holders.
- PSH – permanent supportive housing
Long-term housing that incorporates various ongoing supports, such as case management and health services, for those with additional needs.
- TOD – transit-oriented development
Development for which location, design, and density are meant to take advantage of, and encourage use of, transit, usually near a station or stop.