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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 ] .
(The Center Square) — Chronic workforce shortages and a lack of affordable housing are throttling down Maine's economic growth, according to a new report that calls for increased funding and ...
In 2012, in an effort to create demand, Fannie Mae placed several thousand foreclosed-upon homes for sale in a single transaction. [2] This sale helped establish single-family property portfolios as a potential investment for large institutional investors, [1] as opposed to one chiefly appealing to individual families and small-time investors. [3]
The Home Affordable Modification Program (HAMP) is a government program introduced in 2009 to respond to the subprime mortgage crisis.HAMP [10] is part of the Making Home Affordable program (MHA), [11] established in concert with the Hardest Hit Fund program (HHF) [12] under the Troubled Asset Relief Program (TARP), a part of the Emergency Economic Stabilization Act of 2008. [13]
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 ...
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 federal government began to enmesh public housing with private development through a series of acts in 1959, 1961, 1965, and 1968, and 1970. [27] [26] The Housing and Community Development Act of 1974 established the Section 8 program, which directs public housing money to private landlords via means-tested rental assistance. [26]
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