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Post Oak Station is an affordable housing project for low income families located on 1383 Vida Way, only 2 blocks south of Clime Road. One must apply for a potential lease agreement through the Columbus Metropolitan Housing Authority (CMHA), and acceptance to be able to lease does not mean one can move in immediately, due to high demand of ...
Columbus, the capital city of Ohio, has a history of social services to provide for low- and no-income residents. The city has many neighborhoods below the poverty line, and has experienced a rise in homelessness in recent decades. Social services include cash- and housing-related assistance, case management, treatment for mental health and substance abuse, and legal and budget/credit assistance.
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 private equity in developing affordable housing. [2] Projects ...
The City of Columbus has designated part of Italian Village, along with portions of the Short North and Victorian Village as a "market ready" Community Reinvestment Area, with available 15-year, 100 percent tax abatements if projects include 10 percent affordable housing, with options to buy out of the requirement.
The Ohio housing situation is facing a crisis, with housing costs increasing dramatically and availability declining. Government census data estimates that population growth (1.74%) has outpaced the increase in housing units (1.66%) over the last five years. [6] For low-income families, affordable housing has been difficult to find, as for every 100 low-income households, only 80 affordable ...
The term "affordable housing" refers to housing that is considered economically accessible for individuals and families whose household income falls at or below the Area Median Income (AMI), as evaluated by either national or local government authorities through an officially recognized housing affordability index. [3] However, in the US, the term is mostly used to refer to housing units that ...
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