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Workforce housing, which targets the housing needs of people making moderate incomes, is essential for keeping workers in their communities, ensuring that businesses can find employees, and ...
Newly constructed rental housing must remain affordable for at least 20 years. [7] For owner-occupied housing (newly constructed and remodeled), acquired rental housing, and remodeled rental housing, the minimum affordability term ranges from 5 to 15 years depending on the amount of funds received in relation to the number of assisted units. [14]
She said with housing going hand-in-hand with a strong workforce, she and Augustus have been working collaboratively to provide affordable opportunities for housing and jobs in Massachusetts.
120 new apartment units coming to Somerset. The Residences at Slade Farm housing complex coming to Fairfield Commons will have 120 units; 30 of them are designated workforce housing units, and the ...
Workforce housing is a term that is increasingly used by planners, government, and organizations concerned with housing policy or advocacy. It is gaining cachet with realtors, developers and lenders. Workforce housing can refer to any form of housing, including ownership of single or multi-family homes, as well as occupation of rental units.
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.
Feb. 28—SANTA FE — "We've gotta build houses." That was the message from Gov. Michelle Lujan Grisham as she signed into law a bill geared at increasing the state's low-cost housing stock.
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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