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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 main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [9])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
The LIHTC, established in 1986, stands as a groundbreaking departure from the typical structure of supply-side housing programs, which primarily relied on subsidizing low-income housing. As of 2010, this innovative approach yielded the construction of 1.5 million low-income housing units. [33]
The "YIMBY" movement is a political effort to tackle the country's housing shortage by increasing the housing supply with strategies like changing zoning codes and other regulations that limit ...
Housing is a big issue right now, with a lot of strong opinions. ... despite halving the available LIHTC incentives to Missouri builders, ... The Low-Income Housing Tax Credit, like so many other ...
In the Phoenix area, which is among the 10 metros facing the most severe affordable housing shortages, only 20 rentals are available for every 100 extremely low-income renters, according to the ...
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