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DHCR administers various programs aimed at developing, rehabilitating, and preserving affordable housing in the state. Programs include the Mitchell–Lama Housing Program, federal Low-Income Housing Tax Credit and State Low-Income Housing Tax Credit, which offers tax incentives to encourage private investment in affordable housing; the federal HOME Investment Partnerships Program of the HTFC ...
The New York State Housing Finance Agency (HFA) is a New York State public-benefit corporation created in 1960 to increase the supply of rental housing for low-income people by issuing bonds and providing low-interest mortgage loans to regulated housing companies. [1]
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 ...
COLCHESTER - Evernorth and the Champlain Housing Trust have combined forces to convert three large, brick historic buildings at Fort Ethan Allen into 65 apartments that will be known as the 10th ...
When the Emergency Price Control Act expired in 1947, Congress passed the Federal Housing and Rent Act of 1947, which exempted construction after February 1, 1947, from rent controls, but continued that regulation for properties already completed by that date. New York's current rent control program began in 1943.
This supply shortage is a side effect of local government efforts to ensure income segregation—local governments cap housing supplies intending to keep our “undesirables” and low-income ...
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