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The St. Cloud City Council on Monday approved the Center for African Immigrants and Refugees' mixed-use ... Roughly 10% of the 70 apartment units will be designated for low-income housing, CAIRO ...
A private-public partnership can be accomplished with real estate by making sure St. Cloud’s policies are attractive to housing developers, Ibrahim said, citing being accommodating with ...
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
Housing subsidies are government funded financial assistance programs designed to mitigate the costs of housing for low-income tenants. Subsidies can be provided in the form of housing vouchers given to tenants, e.g. Section 8 (Housing), or via direct deposits to landlords with government contracts to provide affordable housing.
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 largest available space where they would have housing options would be on the city’s western border, far south side and eastern areas near the St. Cloud Regional Airport.
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