NAICS Code 531311-08 - Housing-Low Income

Marketing Level - NAICS 8-Digit

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Looking for more companies? See NAICS 531311 - Residential Property Managers - 10,118 companies, 41,941 emails.

NAICS Code 531311-08 Description (8-Digit)

The Housing-Low Income industry involves the management and maintenance of residential properties that are specifically designated for low-income individuals and families. These properties are often subsidized by the government or non-profit organizations to provide affordable housing options for those who may not be able to afford market-rate housing. The industry is responsible for ensuring that these properties are safe, clean, and well-maintained, while also providing necessary services and resources to residents.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 531311 page

Tools

Tools commonly used in the Housing-Low Income industry for day-to-day tasks and operations.

  • Property management software
  • Maintenance tracking software
  • Budgeting and accounting software
  • Tenant screening software
  • HVAC systems
  • Plumbing tools and equipment
  • Electrical tools and equipment
  • Cleaning supplies and equipment
  • Lawn care tools and equipment
  • Pest control supplies and equipment

Industry Examples of Housing-Low Income

Common products and services typical of NAICS Code 531311-08, illustrating the main business activities and contributions to the market.

  • Affordable housing complexes
  • Section 8 housing
  • Low-income apartment buildings
  • Public housing developments
  • Subsidized housing communities
  • Cooperative housing communities
  • Transitional housing programs
  • Homeless shelters
  • Supportive housing programs
  • Community land trusts

History

A concise historical narrative of NAICS Code 531311-08 covering global milestones and recent developments within the United States.

  • The "Housing-Low Income" industry has a long history worldwide, with the first recorded instance of low-income housing being built in the UK in the mid-19th century. In the United States, the industry began to take shape in the early 20th century, with the passage of the National Housing Act of 1934, which created the Federal Housing Administration (FHA) and established the first federal mortgage insurance program. The 1960s saw the creation of the Department of Housing and Urban Development (HUD) and the implementation of the Model Cities program, which aimed to revitalize urban areas. In recent years, the industry has seen a shift towards public-private partnerships, with organizations like Habitat for Humanity and Enterprise Community Partners working to provide affordable housing solutions. In the United States, the "Housing-Low Income" industry has faced a number of challenges in recent history. The 2008 financial crisis led to a decrease in funding for affordable housing programs, and the subsequent recession made it difficult for low-income families to secure stable housing. In response, organizations like the National Low Income Housing Coalition have advocated for increased funding for affordable housing programs, while private developers have sought to create innovative solutions like micro-units and co-living spaces. Despite these challenges, the industry remains an important part of the US housing market, providing vital support to millions of low-income families.