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Many of the families in 143 apartments have household incomes well below the Whatcom County median.
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.
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For premium support please call: 800-290-4726 more ways to reach us
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
The college was founded in 1950 by the Sisters of Mercy. [15] In 2011, Mercy College absorbed the buildings and facilities of Our Lady of Victory Academy.In 2016, Mercy College opened a new $32 million, 100,000-square-foot residence hall, a 5,000-square-foot fitness center and a Starbucks Cafe and convenience store on its Dobbs Ferry campus. [16]
“A lot of those families who have lived there for a long time would have had literally no place to go,” said Mercy Housing Northwest President Joe Thompson. 300 Bellingham residents almost ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
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