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In other words, if say HUD determines that a local area's median income is $25,000, then the HOME funds awarded in that area should only benefit those families with incomes less than, or equal to, 80% of $25,000 (or $20,000). HUD publishes the area median incomes plus the 80% income limits every year in its website.
Tijuana, Mexico, and San Diego, California: By venturing across the border, the Carter Work Project became international for the first time. Nearly 2,000 volunteers lived in a four-acre tent city and divided their time between Tijuana and San Diego; the construction site in Tijuana lacked electricity and running water.
Cabrini–Green (William Green Homes Demolition completed May 2011; Frances Cabrini rowhouses remain) Dearborn Homes (Renovated 2009) Harold Ickes Homes (Demolition completed 2011)
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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.
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