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Section 8 of the Housing Act of 1937 ( 42 U.S.C. ยง 1437f ), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1]
80/20 housing. In the United States, 80/20 housing is multifamily housing program that meets federal guidelines for tax-exempt financing. [1] As the United States continued to experience shortages in affordable housing, [2] the 1986 Tax Reform Act, responsible for the creation of the Low Income Housing Tax Credit (LIHTC), was the first step ...
Accessed June 18, 2007. "Co-op City is a middle income cooperative located in the northeastern corner of the Bronx and is the largest single residential development in the United States. Completed in 1971, it consists of 15,372 residential units, in thirty-five high-rise buildings and seven clusters of townhouses."
The New York State Division of Housing and Community Renewal ( DHCR) is an agency of the New York state government [1] responsible for administering housing and community development programs to promote affordable housing, community revitalization, and economic growth. Its primary functions include supervising rent regulations through the State ...
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 ...
New Law Tenement. New Law Tenements were built in New York City following the New York State Tenement House Act of 1901, so-called the "New Law" to distinguish it from the previous two Tenement House Acts of 1867 and 1879. New Law tenements are distinct from "Old Law" and "pre-law" tenements both in structural design and exterior ornament.
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