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Of the 800 rental apartments in the planned low-rise buildings above the retail space, developer Thrive Living plans to make 184 of them (23%) dedicated to low-income households.
About 23% of the units — a total of 184 — will go to low-incoming households and the rest will be offered as non-subsidized affordable and workforce housing, Thrive Living said.
The conversion of city-owned buildings into low-income affordable housing was made possible by an agreement made with the Department of Housing and Urban Development in September 2007. The cost of rent and availability of these units for residents will remain consistent, as the city has put in place provisions to make them affordable for at ...
Sep. 20—A low-cost housing complex launched during the pandemic to help ease homelessness in Santa Fe saw two overdose deaths within just a few hours of each other one Saturday late last month.
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 ...
Public housing is a form of housing tenure in which the property is usually built and owned by a government authority, either central or local. In some countries, public housing is focused on providing affordable housing for low-income earners while in others, such as Singapore, citizens across a wide range of incomes live in public housing.
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