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  2. Low-Income Housing Tax Credit - Wikipedia

    en.wikipedia.org/wiki/Low-Income_Housing_Tax_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.

  3. Housing for Older Persons Act - Wikipedia

    en.wikipedia.org/wiki/Housing_for_Older_Persons_Act

    The short title is the "Housing for Older Persons Act of 1995." [ 4] Section 2, defining "housing for older persons", amends Section 807 (b) (2) (C) of the Fair Housing Act, [ 5] as that being. intended and operated for occupancy by persons 55 years of age or older, and--. (i) at least 80 percent of the occupied units are occupied by at least ...

  4. Age-restricted community - Wikipedia

    en.wikipedia.org/wiki/Age-restricted_community

    An age-restricted community is a residential community, often gated, that legally discriminates on the basis of age to limit residency to a majority fraction of older individuals—typically 80% over a set age. The minimum age is frequently set at 55 years old, but it can vary. These communities are set up to accommodate older individuals who ...

  5. A U.S. construction boom is sending rents lower and creating ...

    www.aol.com/news/u-construction-boom-sending...

    The median asking rent price for a studio or one-bedroom apartment fell 0.1% to $1,498 a month; two-bedroom apartments decreased 0.3% to $1,730; and units with three bedrooms or more, were down 2 ...

  6. Affordable housing - Wikipedia

    en.wikipedia.org/wiki/Affordable_housing

    [55] [56] [57] David Rodda noted that from 1984 and 1991, the number of quality rental units decreased as the demand for higher quality housing increased. [55]: 148 Through gentrification of older neighbourhoods, for example, in East New York, rental prices increased rapidly as landlords found new residents willing to pay higher market rate for ...

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