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The ANCHOR (Affordable New Jersey Communities for Homeowners and Renters) program is a state initiative designed to provide property tax relief to eligible New Jersey residents.. Who is eligible ...
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 main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
The HOME Investment Partnerships Program (HOME) is a type of United States federal assistance that the U.S. Department of Housing and Urban Development (HUD) provides to states to create decent and affordable housing, particularly housing for low and very low income Americans. [1]
The Department of Community Affairs' release of new affordable housing goals for New Jersey's 564 municipalities for the next decade has sparked a political and legal battle.
New town-by-town calculations show how much affordable housing each New Jersey town could be required to build over the next decade. Take a look.
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