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Folsom has one of the most severe affordable housing shortages in the Sacramento region. ... 3,500 units of housing affordable to very low- and low ... the area median income will be eligible for ...
Once complete, Marisol Village will offer 487 units to form a mixed-income complex. See more in the video above. Where you can find affordable housing in the greater Sacramento area [Video]
The California Housing Finance Agency (CalHFA), established in 1975, is an independent California state agency within the California Department of Housing and Community Development that makes low-rate housing loans through the sale of taxable and tax exempt bonds.
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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 ...
Local housing authorities were created following the 1 September 1937 signing by President Franklin D. Roosevelt of the Housing Act of 1937, sometimes called the Wagner-Steagall Act, which provided for subsidies to be paid from the U.S. government to local public housing agencies (LHA's) to improve living conditions for low-income families.
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