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Kentucky Housing Corporation was created in 1972 as a state housing finance agency by the General Assembly under the Mae Street Kidd Act with a $150,000 appropriation. In 1973, KHC originated its first bond issue totaling $51.2 million and received its first allocation from the United States Department of Housing and Urban Development (HUD) for 623 Section 8 New Construction units totaling $1. ...
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.
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 ...
Food insecurity affects around 40,000 Fayette County residents. Here’s some places you can find free food assistance in and around Lexington.
Harlan County had the lowest median home value in the ranking at $64,490, but the county had a higher median income than some others. Kentucky’s median household income is $55,454, according to ...
Georgetown is a home rule-class city [7] in Scott County, Kentucky, United States. The population was 37,086 at the 2020 census . [ 5 ] It is the 6th-most populous city in the U.S. state of Kentucky.
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