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The Low Income Housing Institute serves the Puget Sound region of Western Washington. LIHI programs serve homeless and low-income people in Snohomish, King, Island, Kitsap, Pierce and Thurston Counties. LIHI housing serves communities in Seattle, Lynnwood, Lacey, Olympia, Tacoma, Bremerton, and smaller towns throughout the region.
Everett's homeownership rate is among the lowest in Washington, with 44 percent of homes occupied by their owners, and its residents have a low median income relative to the county and Seattle metropolitan area. [220] The average monthly rent for housing units in Everett in 2013 ranged from $700 for a studio apartment to $2,723 for a five ...
The Monte Cristo Hotel is a historic building located in Everett, Washington. It is a major feature of the city's downtown core. It ceased functioning as a hotel in 1972. It was listed on the National Register of Historic Places on June 3, 1976. [2] In 1994 it was restored and redeveloped into low income housing.
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 ...
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LISC was an early advocate for the Low-Income Housing Tax Credit (LIHTC), which created by the Reagan Administration in the Tax Reform Act of 1986. In 1987, LISC launched the National Equity Fund (NEF) to syndicate LIHTC, raising $14.5 million in the first year. [ 15 ]
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