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).
Housing assistance payments are limited by Fair Market Rents (FMRs) established by HUD for different geographic areas. In the Housing Choice Voucher (HCV) program, the FMR is the basis for determining the âpayment standard amountâ used to calculate the maximum monthly subsidy for an assisted family. See 24 CFR 982.503.