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Four prospective affordable housing developments in Fort Worth have received $2 million each in tax credits from the state’s ... 54 reserved for low-income families and the remaining 24 floated ...
It could get easier to find an affordable house in Fort Worth. The city was awarded $5 million from the U.S. Department of Housing and Urban Development as part of a new Biden administration ...
Lina Ruiz. August 12, 2024 at 6:30 AM. An affordable housing project in Fort Worth could be the first of its kind in the area, catering to families with children who are experiencing homelessness ...
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 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.
11000514 [1] Added to NRHP. August 4, 2011. Butler Place Historic District is a 42-acre area east of the central business district of Fort Worth, Texas. From about 1940-2020, it was a public housing development with 412 units. The site is now to be dedicated to a new purpose, perhaps a museum focused on African Americans in Fort Worth's history ...
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