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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 subsidy amount is typically based on the tenant's income, usually the difference between the rent and 30% of the tenant's gross income, but other formulas have been used. [4] According to a 2018 study, major cuts in rental subsidies for poor households in the United Kingdom led to lowered house prices. [5]
Metropolitan statistical areas. Urban areas. ZIP Code Tabulation Areas. Ethnic groups. United States portal. v. t. e. Georgia is the thirty-third-richest (33rd) state in the United States of America, with a median household income of US$46,007 (2011).
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 ...
More than 21 million renter households spent more than 30% of their income on housing costs in 2023, representing 49.7% of the renter households for whom rent burden is calcula… People 11 days ago
Post Properties, Inc. Post Properties, Inc. was a publicly traded real estate investment trust headquartered in Atlanta, Georgia that invested in apartments. As of December 31, 2015, the company owned interests in 24,162 apartment units in 61 communities. [1] In 2016, the company was acquired by Mid-America Apartment Communities.
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