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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 incorporation of LIHI as an organization in 1991 resulted from the leadership of three founding board members: Frank Chopp of the Fremont Public Association, Michael Reichert of Catholic Community Services, and Scott Morrow of SHARE. LIHI filled a void in the community for creating self-management and developing innovative housing solutions.
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 Pavilion Apartments are located at 108-136 Martin Luther King Junior Blvd. and the Colonnade Apartments at 25-51 Clifton Avenue in the overlapping neighborhoods known as Seventh Avenue and Lower Broadway . The 22-story towers were designed in the International Style by architect Ludwig Mies van der Rohe and opened in 1960, originally known ...
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Income requirement: Can’t exceed 80% of your area’s median income. DTI requirement: Up to 45% (50% in some cases. Fannie Mae’s HomeReady mortgage program addresses one of the challenges of ...
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