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The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
The measures come three weeks after Harris released a four-part package aimed at making housing, groceries, child rearing and prescription drugs more affordable. Many of the proposals build upon ...
No new affordable rental units were brought online in 2023, and no units were rehabilitated. Further, Des Moines failed to achieve, even in part, its goal of assisting 35 households facing ...
A Harris campaign spokesperson said she would “continue the fight for affordable housing for all Americans as president, and she’s the perfect candidate to make America’s most notoriously ...
In Nevada, only 15 affordable rental homes are available per 100 extremely low income (ELI) households. [123] The shortage extended to a deficit in supply of 71,358 affordable rental homes. This was the largest discrepancy of any state. The most notable catalyst for this shortage was the Great Recession and housing crisis of 2007 and 2008 ...
Public housing became needed to provide "homes fit for heroes" in 1919, [4] [5] then to enable slum clearance.Standards were set to ensure high-quality homes. Aneurin Bevan, a Labour politician, passionately believed that council houses should be provided for all, while the Conservative politician Harold Macmillan saw council housing "as a stepping stone to home ownership". [6]
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