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L.D. 609, sponsored by Maine House Speaker Ryan Fecteau, D-Biddeford, would examine whether local rules make it difficult for developers to build affordable apartments in Maine. Affordable housing ...
Feb. 6—Auburn Mayor Jason Levesque remembers when he was a kid, riding around with his single mom, imagining what it would be like to live in one of the city's nicer homes. Eight years ago, he ...
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.
The San Diego Housing Commission currently owns 2,221 affordable housing units and plans to expand that number in the future to meet the growing demand. [55] In 2009, the San Diego Housing Commission implemented a finance plan that created 810 more units of affordable rental housing through leveraging the equity of its owned properties.
Affordable Housing Act: State's housing secretary touts administration's $4.1B bill Lt. Gov. Kim Driscoll, who also spoke at the conference, cited the lack of affordable housing as a risk the ...
A new Choice Neighborhoods program had a proposed budget of $250 million. Over the course of 15 years, HOPE VI grants were used to demolish 96,200 public housing units and produce 107,800 new or renovated housing units, of which 56,800 were to be affordable to the lowest-income households. [9]
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
President Joe Biden signed the bill into law later Saturday morning. The passage of the package came after President-elect Donald Trump torpedoed a bipartisan agreement struck earlier in the week.