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  2. How to Find Affordable Senior Housing in Your Community - AOL

    www.aol.com/affordable-senior-housing-community...

    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.

  3. How struggling households can get federal rental assistance

    www.aol.com/finance/struggling-households...

    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 ...

  4. Subsidized housing in the United States - Wikipedia

    en.wikipedia.org/wiki/Subsidized_housing_in_the...

    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 ...

  5. The Unexpected Way Retirees Are Cutting Their Housing Costs - AOL

    www.aol.com/finance/unexpected-way-retirees...

    The increased cost of living is particularly challenging for seniors on a fixed budget or relying on retirement funds. High inflation costs have driven up food, gas, utility, and medical expenses ...

  6. Section 8 (housing) - Wikipedia

    en.wikipedia.org/wiki/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.

  7. Low-Income Housing Tax Credit - Wikipedia

    en.wikipedia.org/wiki/Low-Income_Housing_Tax_Credit

    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 ...

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