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The state’s fastest-growing county is ready to begin a new program that aims to support both those seeking housing and developers looking to build.
Since the creation of the Sussex County Rental Program, only one development has participated. Here's how the county council is trying to change that. Sussex County is revamping its affordable ...
In 1990, Mid Sussex Housing Association was formed as one of the first Large Scale Voluntary Transfers when homes from Mid Sussex District Council were transferred from public ownership. In 1992, Broomleigh was formed as the first urban Large Scale Voluntary Transfer of homes from the London Borough of Bromley .
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 term "affordable housing" refers to housing that is considered economically accessible for individuals and families whose household income falls at or below the Area Median Income (AMI), as evaluated by either national or local government authorities through an officially recognized housing affordability index. [3]
BBC Radio 4 - The Affordable Housing Crisis The UK has a serious shortage of affordable homes. We ask whether the current system - where councils do deals with developers to provide cheaper homes ...
Workforce housing can refer to any form of housing, including ownership of single or multi-family homes, as well as occupation of rental units. Workforce housing is generally understood to mean affordable housing for households with earned income that is insufficient to secure quality housing in reasonable proximity to the workplace.
In another twist, two parties have filed appeals related to the approval of plans for the Schell Brothers' housing development. Sussex's planned Coral Lakes housing development adds another ...