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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.
East 20th Street looking east in the direction of First Avenue in 1938. This picture shows two of the huge gas holders that gave the area the name Gas House District; the block in the foreground did not become part of the Stuyvesant Town–Peter Cooper Village complex, but the area on the east side of First Avenue, where the tanks are, did.
Highly respected analysts who have looked at these data in much greater detail than Wallison, Pinto, or myself, including the nonpartisan Government Accountability Office, [40] the Harvard Joint Center for Housing Studies, [41] the Financial Crisis Inquiry Commission majority, [42] the Federal Housing Finance Agency, [43] and virtually all ...
Housing refers to the usage and possibly construction of shelter as living spaces, individually or collectively. Housing is a basic human need and a human right, ...
The Google Ngram Viewer shows [12] that the term "trickle down economics" was rarely seen in published works until the 1980s. However, the concept that economic prosperity in the upper classes flows down into the lower classes is at least 100 years old. The term itself is used mostly by critics of the concept.
The CWA, Works Progress Administration, and Public Works Administration spent more than $1.1 billion in New York City from 1934 to 1939. [4] Harry Hopkins gave New York City independent administrative control over WPA relief operations in 1936, and Hugh S. Johnson was appointed as its administrator at La Guardia's advice. [23]
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