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The Minnesota Housing Finance Agency (MHFA), or Minnesota Housing, is a state agency in Minnesota, United States, established to address the growing concerns of affordable housing, homelessness, and housing security in the state. Its primary mission is to provide affordable housing opportunities for Minnesotans who are low and moderate income ...
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 ...
The BHA’s campaign for a youth housing solution found its roots in a 2022 program, Foster Youth to Independence (FYI), that connected young adults aging out of foster care with rental assistance ...
DULUTH – City leaders are proposing a $6 million housing trust fund to improve and increase Duluth's aging and limited housing stock. "We are investing more than this community has ever invested ...
In October 2022 Keller set a goal for the city to subsidize 5,000 housing units by 2025, calling it "extremely ambitious." With three months left until 2025, that sentiment proved to be accurate ...
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