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Leisure World asked Montgomery County for approval to reduce its resident age minimum from 50 to 40 years old, but Montgomery County disapproved the change. [46] On August 12, 1968, Leisure World asked Montgomery County Planning Board to remove the age limit altogether, but the Montgomery County Planning Board disapproved the change. [ 37 ]
The 60 one-bedroom apartments planned for Doylestown complex won't be constructed until 2025.
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 ...
Subsidized housing is government sponsored economic assistance aimed towards alleviating housing costs and expenses for impoverished people with low to moderate incomes. In the United States, subsidized housing is often called "affordable housing". Forms of subsidies include direct housing subsidies, non-profit housing, public housing, rent ...
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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.
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