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Loudoun County is one of the counties in Virginia that elects to cover their employees in the Virginia Mortgage Assistance Program (VMAP). The program is designed to make housing more affordable for civil service workers in Virginia. [71]
His first large-scale project - a 3,000 home community in western Fairfax County - helped Kettler discover his talent for planning large-scale, multi-use properties. Kettler has developed many of the largest planned communities in the Washington D.C. Metro Area, large mixed-use commercial properties and several country clubs/golf courses.
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. [60] 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.
The housing study is focused on affordable housing; work on updating the master plan will explore housing, but also land use, zoning and other countywide impacts; while the city is working to ...
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
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 definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
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