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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 ...
Congress passed two different rental relief packages. The first, approved in December, provided $25 billion for rental relief. The second, approved in March, provides more than $21 billion. In ...
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 ...
Riverbend (Columbus, Ohio) / 39.923871°N 83.105991°W / 39.923871; -83.105991. Riverbend is a neighborhood in southwest Columbus, Ohio. Riverbend itself is a single subdivision that is located next to Big Run Park. Because Riverbend is at the southwest border of the city, it was not annexed into the city until the late 1960s.
Extremely low-income renters — those below federal poverty guidelines or earning 30% of the area median income — face a shortage of 7.3 million affordable rental homes, according to a National ...
By law, each development must set aside a minimum number of units for eligible low- or very low-income residents. Many LIHTC properties are operated as 55+ or 62+ communities, or senior apartments.
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