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The city has many neighborhoods below the poverty line, and has experienced a rise in homelessness in recent decades. Social services include cash- and housing-related assistance, case management, treatment for mental health and substance abuse, and legal and budget/credit assistance. Amid food insecurity in Columbus, with several neighborhoods ...
Ohio has a shortage of 267,382 rental units for people who need affordable housing, with only about a fourth of extremely low income families or individuals able to get housing in Columbus ...
Some communities have taken steps to address housing affordability. Columbus voters in 2022 approved a $200 million bond package for affordable housing earmarked for lower-income residents.
A Columbus resident waiting the longest for a Section 8 voucher has been on the list since 2015. Find out how many people await housing assistance.
For low-income families, affordable housing has been difficult to find, as for every 100 low-income households, only 80 affordable units exist. Furthermore, the median price for a house in 2019 was 2.4 times the median household income, pushing home ownership out of reach even for middle-income individuals.
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 ...
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