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On Tuesday, Tarrant County commissioners agreed to authorize $19.9 million toward the four affordable housing projects using federal stimulus money. That amount will fund 105 of the 529 total homes.
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 ...
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 ...
Rating Action: Moody's assigns Aaa to Tarrant County Housing Finance Corporation Multifamily Tax-Exempt Mortgage-Backed Bonds (M-TEBS) (Gardens of Haltom City Apartments) Series 2022Global Credit ...
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.
Another Tarrant County town only about six miles from downtown Fort Worth, ... The median household income is $78,479 and the median home price is $404,741. How to get around.
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