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The Cuyahoga Metropolitan Housing Authority (CMHA) is a governmental organization responsible for the ownership and management of low-income housing property in Cuyahoga County, Ohio. The organization was founded in 1933, making it the first housing authority in the United States.
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 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 least affordable metro area was Los Angeles, which scored only 0.3, while the metro areas of Youngstown (0.97) and Akron (0.95) in Ohio were rated most affordable.
The Ohio Housing Finance Agency is warning Ohioans about a scam page on Facebook claiming to have opened a wait list for sought-after Section 8 vouchers and public housing assistance.
Marion County Land Reutilization Corporation will get $30,000 to renovate a residential property. It's one of 17 Ohio projects awarded $29.5 million.
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