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Up to 282 apartments and townhomes, including a handful of affordable units, were greenlit along Page Road. Durham approves 2 new housing developments near RDU airport Skip to main content
3.5% (15 apartments) will be rented at affordable rates to those making 60% of the area median income. This promise lasts 10 years. Developed by H.M. Partners, based in Raleigh.
The parcels are currently spread among several owners, but the Wisconsin-based Commonwealth Development Corp. of America is developing the project. They are seeking a 4% low-income housing tax credit.
Non-profit housing is owned and managed by private non-profit groups such as churches, ethnocultural communities or by governments. Many units are provided by community development corporations (CDCs). They use private funding and government subsidies to support a rent-geared-towards-income program for low-income tenants. [7] [8] [clarification ...
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 ...
Other popular states for age-restricted communities include Oregon, North Carolina, South Carolina, Pennsylvania, and Utah. [ 10 ] While in the United States discrimination in housing is generally prohibited, the Fair Housing Act of 1968 [ 11 ] and the Housing for Older Persons Act of 1995 (109 STAT. 787) [ 12 ] allow communities to restrict ...
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