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—Rising housing costs — with many spending over 30 percent of their income on housing, and the need for 100,000 additional housing units to meet current need.
The current U.S. housing system creates tremendous profits, but it doesn’t work for everyone.. Half of the nation’s 45 million renters pay more than a third of their paychecks to landlords ...
Section 8 (housing) Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1]
t. e. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of ...
Indiana. Extremely Low-Income Renter Households: 209,710. Number of Affordable and Available Rental Homes Per 100 Extremely Low-Income Renter Households: 34. Percentage of extremely low-income ...
Robin Wiessmann, Executive Director & CEO. Website. www.phfa.org. The Pennsylvania Housing Finance Agency is a non-profit organization which serves the people of Pennsylvania by offering affordable housing resources, including loans and rent assistance. PHFA was created by an Executive Order by the Pennsylvania General Assembly in 1972.
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