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Hung oversees construction at Marisol Village, a brand-new rental apartment community on Richards Boulevard in downtown Sacramento. Once complete, Marisol Village will offer 487 units to form a ...
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
The LIHTC, established in 1986, stands as a groundbreaking departure from the typical structure of supply-side housing programs, which primarily relied on subsidizing low-income housing. As of 2010, this innovative approach yielded the construction of 1.5 million low-income housing units. [33]
Non-profit housing is owned and managed by private non-profit groups such as churches, ethnocultural communities or by governments. Many units are provided by community development corporations (CDCs). They use private funding and government subsidies to support a rent-geared-towards-income program for low-income tenants. [7] [8] [clarification ...
A rental big enough for the family of five would likely cost at least $3,000 a month in Sacramento. Phillips faces an additional barrier to finding housing on the private market due to her poor ...
An analysis by the Sacramento Area Council of Governments released in 2020 determined that nearly 27,000 units of housing should be built in the Sacramento region to accommodate moderate-income ...
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