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t. e. The Boston Housing Authority (BHA) is a public agency within the city of Boston, Massachusetts that provides subsidized public housing to low- and moderate-income families and individuals. The BHA is not a municipal agency, but a separate local entity. In the federal government model of the United States Department of Housing and Urban ...
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
The Old Colony Housing Project is a 16.7-acre public housing project located in South Boston, Massachusetts. First built in 1940 as a cluster of 22 three-story brick building’s housing 873 low-income units, [ 1 ] It is one of the Boston Housing Authority 's oldest developments.
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]
Two additional apartment complexes are also planned on the 104-acre site for a total of 248 apartments. These complexes will feature public amenities such as walking trails open to the public.
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 ...
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