Ads
related to: illinois low income housing requirementsgovernmentassistanceonline.com has been visited by 100K+ users in the past month
assistance-guides.com has been visited by 10K+ users in the past month
freshdiscover.com has been visited by 100K+ users in the past month
Search results
Results from the WOW.Com Content Network
As of 2022, the IHDA derives its standing from the Illinois Housing Development Act, enacted in 1967. The Authority's original mission statement called for it to provide decent, safe, and sanitary housing to persons of low and moderate income.
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.
In the 1970s, when studies showed that the worst housing problem afflicting low-income people was no longer substandard housing, but the high percentage of income spent on housing, Congress passed the Housing and Community Development Act of 1974, further amending the U.S. Housing Act of 1937 to create the Section 8 Program. In the Section 8 ...
Housing is a big issue right now, with a lot of strong opinions. But there’s one particular housing program that most experts agree fails to deliver: the Low-Income Housing Tax Credit, known as ...
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 Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.
Ads
related to: illinois low income housing requirementsgovernmentassistanceonline.com has been visited by 100K+ users in the past month
assistance-guides.com has been visited by 10K+ users in the past month
freshdiscover.com has been visited by 100K+ users in the past month