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J. Paul Compton Jr. is an American lawyer who is General Counsel at the United States Department of Housing and Urban Development. [1] Prior to assuming his current role, he was a partner at Bradley Arant Boult Cummings. Compton attended the University of Alabama as an undergraduate. He was named a Truman Scholar in 1983.
This area consists of the Santa Monica freeway to the North, the Harbor Freeway to the West, Slauson Avenue to the South and Alameda to the East. It includes the Vermont Central neighborhood and Central Avenue Corridor. Since its founding, CCSCLA has expanded its work into other low-income neighborhoods, including Watts and Compton.
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. [38]
Some have paid well over $500,000 for homes — even $1 million-plus in instances — while others pay market-rate rents that can exceed $1,800 a month for one-bedroom apartments and $2,400 for ...
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
The homeowner vacancy rate was 2.9%; the rental vacancy rate was 5.9%. 53,525 people (55.5% of the population) lived in owner-occupied housing units and 42,175 people (43.7%) lived in rental housing units. During 2009–2013, Compton has a median household income of $42,953, with 26.3% of the population living below the federal poverty line. [56]
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