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All commercial construction projects of more than 100,000 feet requiring zoning relief are required to pay linkage fees or construct affordable housing and/or fund job-training programs. As of April, 2006 the city's linkage fee for affordable housing was $7.87 per square foot and $1.57 per square foot for employment. Since 1986, the ...
The state reintroduced the option of tax-increment financing for the funding of Community Revitalization and Investment Authorities (CRIAs) in 2015, the latter being authorities created by local governments to create or upgrade infrastructure and create or preserve affordable housing for low and moderate income households.
Florida’s red-hot housing market, which has seen prices soar since 2020, may be entering a cooler phase that could benefit prospective homebuyers, according to a new real estate data analysis. A ...
The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
(The Center Square) – A report by the Florida Legislature's research arm found that an affordable housing grant program aided more than 9,000 families in obtaining a house from 2018 to 2020.
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.
Quicken Loans named North Port the second-fastest-growing U.S. city in 2023, and with even more affordable housing, that trend promises to continue. Know: 5 Types of Homes That Will Plummet in ...
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]