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TSAHC issues tax-exempt multifamily private activity bonds to finance multifamily rental housing projects that meet one of the following priorities: 1) at-risk preservation and rehabilitation, 2) rural and smaller urban markets, 3) senior and supportive housing developments, or 4) disaster relief housing.
Due to lack of zoning, many large single family houses were converted into apartments, and additional low income apartment blocks were built in the area. Other large houses were converted into housing for fraternities and sororities. [10] Many area businesses catering to the wealthy closed, and nightclubs moved in their place. [10]
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
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The data below is for annual median household income in the 50 states, the District of Columbia, and Puerto Rico — the data is based on 2013–2017 American Community Survey data from the U.S. Census Bureau; populations are also from the 2013–2017 American Community Survey.
As of 2016 a large number of federally subsidized low income housing units are in the area. The Houston Housing Authority (HHA), formerly the Housing Authority of the City of Houston (HACH), proposed additional ones in 2013, although they were not built. [ 10 ]
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