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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]
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 ...
Gulfton is a community in Southwest Houston, Texas, United States [1] 3.2 sq mi (8.3 km 2 ). It is located between the 610 Loop and Beltway 8, west of the City of Bellaire, southeast of Interstate 69 / U.S. Highway 59, and north of Bellaire Boulevard. In the 1960s and 1970s Gulfton experienced rapid development, with new apartment complexes ...
There are only seven million affordable housing units available for 11 million households with extremely low incomes, according to the Houston Habitat for Humanity. Texas is one of six states with ...
The Texas Supreme Court on Tuesday ordered Harris County, which includes Houston, to put on hold a guaranteed income program that would provide $500 monthly cash payments to roughly 2,000 residents.
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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