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).
A HUD home is a home that has been acquired in foreclosure and is now for sale. HUD stands for Housing and Urban Development, which is a government agency. The advantage of buying a HUD home is they give preference to homebuyers who plan on living in the home (as opposed to renting it out). There can also be excellent loan programs and fix up programs with HUD homes. To see a list of HUD homes in your area, go to HUD.gov or see a local real estate agent.