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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 ...
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 definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
A total of 108 of Trent Court’s 218 units, which date back to the 1940s, were damaged during Hurricane Florence in September 2018. The 12 buildings in which those units are located were ...
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.
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