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Single-room occupancy (SRO) is a type of low-cost housing typically aimed at residents with low or minimal incomes, [1] or single adults who like a minimalist lifestyle, who rent small, furnished single rooms with a bed, chair, and sometimes a small desk. [2]
The Crantston-Gonzalez National Affordable Housing Act of 1990 was created to help families that did not own homes to make down-payments for purchasing homes, expand on the supply of affordable housing for low-income families, and promote cooperation between all levels of government and the private sector in this expansion. [45]
Rent control laws have stayed on the books for decades in New York because of an inadequate supply of "decent, affordable housing". [36] The worsening in the rental market led to the enactment of the Rent Stabilization Law of 1969, which aimed to help increase the number of available rental units.
Affordable public mass transit in cities such as New York City, London and Paris allowed the poor to reach areas where they could earn a livelihood. Public and council housing projects cleared slums and provided more sanitary housing options than what existed before the 1950s. [268]
Frank co-sponsored legislation to reform the Section 202 refinancing program, which is for affordable housing for the elderly, and Section 811 disabled programs. [75] Frank has been a chief advocate of the National Housing Trust Fund, [ 19 ] which was created as part of the Housing and Economic Recovery Act of 2008 and was the first affordable ...
This applied to incomes over £20,000 (equivalent to £263,269 in 2023), [92] and combined with a 15% surcharge on 'unearned' income (investments and dividends) could add up to a 98% marginal rate of personal income tax. In 1974, as many as 750,000 people were liable to pay the top rate of income tax.
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