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The Utah Housing Corporation or UHC is a public corporation that the Utah legislature created in 1975 to advocate for affordable housing for lower-income residents in the state of Utah. UHC is an independent government agency that raises funds in order to offer mortgage loans to lower-income people and to provide resources to developers and ...
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 NMTC Program provides tax credits to investors for equity investments in certified Community Development Entities (CDEs), which invest in low-income communities. [ 2 ] [ 3 ] The credit equals 39% of the investment paid out over seven years (5% in each of the first three years, then 6% in the final four years).
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
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 ...
Lifeline Program: If you are a SNAP recipient and your income is below a certain level, you might qualify for free or low-cost landline or cell phone service through the Federal Lifeline Program ...
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