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From its existence, the Utah Housing Corporation has provided financing for more than 65,000 Utah home buyers, 22,500 affordable rental units, and over 7,200 special needs units of housing. [citation needed] To fund itself, the Utah Housing Corporation uses bonds and mortgage-backed securities. UHC issued its very first bond in 1977.
Southwestern Utah remained one of the hottest real estate markets in the U.S. this summer, according to the latest home price statistics. Average home prices in Southern Utah’s St. George, Cedar ...
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
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.
An old yellow home framed by large cedar trees in downtown Bremerton filled with people Wednesday. Built in 1917, it's easy to see a time when the house was part of a thriving residential ...
It is a tri-partite board consisting of 1/3 public, 1/3 private, and 1/3 low-income representatives, thereby giving low-income residents an opportunity to provide input to agency programs and operations. The agency's annual budget exceeds $1.5 million, and independent external audits are conducted for each fiscal year. [2]
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