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The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [ 1 ] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of private ...
www.calhfa.ca.gov. The California Housing Finance Agency (CalHFA), established in 1975, is an independent California state agency within the California Department of Housing and Community Development that makes low-rate housing loans through the sale of taxable and tax exempt bonds. [2][3]
SB 35 aims to address the California housing shortage by increasing housing supply. The bill was signed into law on September 29, 2017 by Governor Jerry Brown as part of California’s 2017 Housing Package – a set of 15 bills that provide “an injection of new regulatory and financial resources” for cities. [1][2] Scott Wiener introduced ...
During the 1990s, poverty among single-mother and their families declined rapidly from 35.4% in 1992 to 24.7% in 2000, a new historic low. [6] However, due to the fact that low-income mothers who left welfare are likely to be concentrated in low-wage occupations, the decline in public assistance caseloads has not translated easily into ...
Religious institutions and nonprofit colleges in California could soon turn their parking lots and other properties into low-income housing to help combat the ongoing homeless crisis, lawmakers ...
The California Department of Housing and Community Development (HCD) is a department within the California Business, Consumer Services and Housing Agency that develops housing policy and building codes (i.e. the California Building Standards Code), regulates manufactured homes and mobile home parks, and administers housing finance, economic development and community development programs.
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