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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.
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 ...
An old Fayetteville hotel will become housing for homeless people, and an abandoned building will become low-income housing. Fayetteville hotel to be converted into apartments for the homeless ...
Temperature records range from −5 °F (−21 °C) on February 13, 1899, to 110 °F (43 °C) on August 21, 1983, which was the highest temperature ever recorded in the State of North Carolina. On April 16, 2011, Fayetteville was struck by an EF3 tornado during North Carolina's largest tornado outbreak. Surrounding areas such as Sanford, Dunn ...
Joseph Pierre, Fayetteville Observer November 19, 2024 at 10:17 AM Police are searching for a man who drove a woman to an area near a Fayetteville apartment complex and sexually assaulted her last ...
The Fayetteville, NC Metropolitan Statistical Area, as defined by the US Office of Management and Budget (OMB), is an area consisting of three counties – Cumberland, Harnett, and Hoke [2] – in eastern North Carolina, anchored by the city of Fayetteville.
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