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South Carolina is the thirty-seventh-richest state in the United States of America, with a per capita income of $18,795 (2000). South Carolina Counties Ranked by Per Capita Income [ edit ]
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 ...
NLIHC was founded in 1974 by Cushing Dolbeare, a housing policy analyst and consultant. [3] [4] Initially named the Ad Hoc Low Income Housing Coalition and incorporated as the National Low Income Housing Coalition five years later, Dolbeare created the organization in response to Nixon's 1973 moratorium on federal housing subsidies.
A recent analysis from GOBankingRates determined the range of income needed to earn a spot in the middle class in all 50 states. The analysis is based on the latest data available from the 2022 ...
In 1964, a municipal low-income housing project was slated for the site and the surrounding area; the house would have been demolished and replaced with several dozen housing units. [3] The housing would have especially been used to relocate families that had been displaced by the construction of I-26 through the peninsula. [ 4 ]
The LIHTC, established in 1986, stands as a groundbreaking departure from the typical structure of supply-side housing programs, which primarily relied on subsidizing low-income housing. As of 2010, this innovative approach yielded the construction of 1.5 million low-income housing units. [38]
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