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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 combined Brewster-Douglass Project was five city blocks long, and three city blocks wide, [5] and housed anywhere between 8,000 and 10,000 residents at its peak capacity. The Brewster-Douglass Project were built for the "working poor". The Detroit Housing Commission required an employed parent for each family before establishing tenancy.
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.
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.
Detroit officials unveiled a program to provide ... Disaster recovery funds from the U.S. Department of Housing and Urban Development are paying for the program, which is expected to aid 1,500 ...
The program is commonly referred to as the Home Investment or Home Partnership Program, and is often operating in conjunction with other housing and other urban development programs, such as the CDBG program. Its federal identification number, or CFDA number, is 14.239. [1]
HOPE VI is a program of the United States Department of Housing and Urban Development. It is intended to revitalize the most distressed public housing projects in the United States into mixed-income developments. [1] Its philosophy is largely based on New Urbanism and the concept of defensible space.
As a strikingly controversial project in 1941, Sojourner Truth Project set precedents for Detroit housing project policy through the next decade. Created by the Detroit Housing Commission (DHC) and United States Housing Authority (USHA), the proposed 200 units would alleviate housing shortages caused by the wartime climate of World War II.