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A goal that stretched more than five years is headed toward reality as the city of Ames prepares to build nearly 40 low-income housing units near the Iowa State University campus.. The city is ...
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 ...
At the end of 2015, LIHI owned and/or managed over 1,700 housing units at 50 sites in six counties throughout the Puget Sound region. Residents include the working poor, low-income families, individuals, seniors, people with disabilities, and women and children at risk. More than 700 of these units house formerly homeless families and individuals.
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]
All sectors of society are affected: senior citizens who cannot afford their family homes yet can’t afford to move, low-income residents facing astronomical rent increases, and even middle ...
This year’s budget includes a record $17 billion for housing and homelessness programs, including $1.75 billion in federal COVID-19 relief funds to finance proposed low-income developments that ...
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