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Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [ 1 ]
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 ...
t. e. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of ...
This year’s budget includes a record $17 billion for housing and homelessness programs, including $1.75 billion in federal COVID-19 relief funds to finance proposed low-income developments that ...
The site in Old Town, located at 9220-9244 Elk Grove Blvd., would be reserved for Mutual Housing. According to a city report, the city is planning on this location being affordable housing for low ...
EAH Housing is a nonprofit corporation which develops, manages, and operates affordable housing for low-income families, older adults, and persons with disabilities/special needs in California and Hawaii. It was founded in 1968. [1] The acronym used in its founding stands for Ecumenical Association for Housing, however today it does business ...
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