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Nov. 14—An affordable housing project geared toward first-time homebuyers in Clark County is getting a kickstart from $1 million of American Rescue Plan Act funding. The Clark County commission ...
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.
A housing voucher is a voucher that can be spent on rented housing, such as Section 8 public housing in the United States, along with universal housing vouchers. [1] The housing choice voucher programme allows families to move without the loss of housing assistance and choose a unit anywhere in the United States if they lived in the jurisdiction of public housing agency (PHA) issuing the ...
The National Center for Housing Management, Inc. (NCHM) was created by the Secretary of the U.S. Department of Housing and Urban Development (HUD), George W. Romney, pursuant to an Executive Order of President Richard Nixon in 1972. [1]
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The Housing and Community Development Act of 1974 (12 U.S.C. 1706e) is a United States federal law that, among other provisions, amended the Housing Act of 1937 to create Section 8 housing, [1] authorizes "Entitlement Communities Grants" to be awarded by the United States Department of Housing and Urban Development, and created the National Institute of Building Sciences. [2]
The cost of transitional housing is the same or less expensive than emergency shelters. But, due to the on site services, transitional tends to be more expensive than permanent supportive housing. [1] In the USA, federal funding for transitional housing programs was originally allocated in the McKinney–Vento Homeless Assistance Act of 1986. [2]
1992-2002: Formation of the National Center for Lead-Safe Housing. The Fannie Mae Foundation created the National Center for Lead-Safe Housing (as it was known at the time) in October 1992, using a $5.2 million donation from its outgoing president, David Maxwell. At the time, the grant was the Fannie Mae Foundation’s largest-ever gift.