Origin of Section 8from section number of the Federal Housing Act of 1974, under which this program originated
Section 8Section 8
(plural section 8s)
- (US, informal) Federally subsidized housing for low-income families and individuals, formally known as the Housing Choice Voucher Program.
- (US, military) Discharge from the United States military for reason of being mentally unfit for service.
section 8 - Investment & Finance Definition
A rental program for low-income individuals, run by the Federal Housing Administration, that allows renters to rent an apartment that they otherwise could not afford. The FHA then sends Section 8 payments to the landlord with the renter paying only a small portion of the fair-market rent.