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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.
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 ...
They were replaced on AHA land by private-public ventures of mixed-use, mixed-income communities modeled on Centennial Place, with a portion of units reserved for former public housing tenants. The first HOPE VI mixed-income community (where public housing was a component) was Phase I of Centennial Place, which closed on March 8, 1996. [7]
A man who tortured a man for two days before he jumped to his death from a 12th-storey flat has been jailed for eight years. Lee Smith, 37, abducted Jamie Forbes, also 37, and held him against his ...
The physical attractiveness stereotype was first formally observed in a study done by Karen Dion, Ellen Berscheid, and Elaine Walster in 1972. [1] The goal of this study was to determine whether physical attractiveness affected how individuals were perceived, specifically whether they were perceived to have more socially desirable personality traits and quality of life.
Latino males are younger than men in the U.S. overall and have a higher participation in the workforce than any other racial group.NBC News exit polls showed Trump won 55% support from Hispanic ...
The remaining five Australians from the infamous “Bali Nine” drug gang are “relieved and happy” to be home after Canberra struck a deal with Jakarta to end their two decades of imprisonment.
Gentrification is marked by changing demographics and, thus changing social order and norms. In some cases, when affluent households move into a working-class community of residents (often primarily Black or Latino communities), the new residents' different perceptions of acceptable neighborhood behavior and cultural activity of pre-existing residents may be in conflict with the established ...