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However, the report's authors raised a red flag for Maine's housing situation, citing a lack of affordable homes and rental properties. The estimated percentage of households that can't afford the ...
Feb. 9—Maine needs 25,000 more affordable homes, but even when it builds new housing, the elderly and others who need it most cannot afford it, the head of an affordable housing agency said on ...
The families either pay a monthly rent or may purchase the housing unit for an affordable price. [2] Site acquisition or improvement – In this type of activity, HOME funds purchase property that is later developed as affordable housing. This activity also covers the improvement and rehabilitation of current affordable housing. [2]
The LIHTC program has helped meet a critical affordable housing shortage by stimulating the production or rehabilitation of nearly 2.4 million affordable homes since 1986. Through development activity, the LIHTC creates and supports approximately 95,000 jobs annually - the majority of which are small business sector jobs [ citation needed ] .
Housing subsidies are government funded financial assistance programs designed to mitigate the costs of housing for low-income tenants. Subsidies can be provided in the form of housing vouchers given to tenants, e.g. Section 8 (Housing), or via direct deposits to landlords with government contracts to provide affordable housing.
Jan. 9—During the 12-month period that ended last July 1, 17,600 Maine people died. During that same period, there were only 11,300 births. Basic arithmetic would tell us that means Maine's ...
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. [55] 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.
Aug. 14—When Redbank Village Apartments started raising rents as much as 35% last spring, South Portland city councilors scrambled to enact a six-month emergency rent cap to keep increases at no ...
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