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Progress Village is located near the geographic center of Hillsborough County and is bordered by Palm River-Clair Mel to the north, Riverview to the east, and Gibsonton to the south. Interstate 75 forms the eastern edge of the CDP, and the western edge follows County Road 573. Progress Village is 9 miles (14 km) southeast of downtown Tampa.
The LIHTC, established in 1986, stands as a groundbreaking departure from the typical structure of supply-side housing programs, which primarily relied on subsidizing low-income housing. As of 2010, this innovative approach yielded the construction of 1.5 million low-income housing units. [33]
The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
The “40x” rent rule states that your annual gross income should be around 40 times your monthly rent payment. For example, if your annual pre-tax income is $50,000, the rule suggests your ...
Non-profit housing is owned and managed by private non-profit groups such as churches, ethnocultural communities or by governments. Many units are provided by community development corporations (CDCs). They use private funding and government subsidies to support a rent-geared-towards-income program for low-income tenants. [7] [8] [clarification ...
Based on this guideline, your household should aim for a monthly before-tax income of $10,204 — or an annual gross income of about $122,488 ($10,204 x 12) — to comfortably afford a $400,000 ...
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