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ROCHESTER — A ribbon cutting Monday at the Gafney Home marks the end of a long journey of restoration, refitting and upgrading, and the beginning of low-income housing for seniors age 62 and up ...
Typical residents. A typical independent senior living community resident is a person 55 and older who is mentally and physically capable of living alone without skilled nursing or assistance with day-to-day activities. Some residents may need assistance with a few activities of daily living and can obtain third-party home health care services.
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 ...
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]
Sep. 24—Santa Fe County commissioners on Tuesday voted to support issuing up to $70 million in revenue bonds for the benefit of a proposed 312-unit affordable housing project south of the city.
An affordable housing complex serving seniors in downtown Columbia has been sold, forcing its low-income residents to find new homes. The buyer is pitching a $1.4 million restoration of the ...
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