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In a July letter addressed to Sens. Sherrod Brown of Ohio and Tim Scott of South Carolina, City Manager Bryan Heck said housing shortages have presented a “crisis” for the city as far back as ...
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 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. Amid food insecurity in Columbus, with several neighborhoods ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
The Franklin County Board of Commissioners granted $5 million in COVID-19 funds to the Affordable Housing Trust to help emerging minority developers.
If you’re wary of co-buying a home with friends or family, alternative real estate investments offer a low-cost entry into the housing market. Real estate investment trusts ...
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