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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 ...
Section 8 (housing) Section 8 of the Housing Act of 1937 (42 U.S.C. § 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]
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 ...
Thousands of California migrant farmworkers are required to leave their housing annually, leaving units empty for months — but a new law might change that. ... also now require HCD by Jan. 1 ...
David Dworkin, president and CEO of the nonprofit National Housing Conference, worries that real estate agents now might prioritize working with buyers who have cash on hand and/or require less ...
Research from the National Low Income Housing Coalition (NLIHC) shows that there is a shortage of over 7 million affordable homes for low-income renters nationwide.
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