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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 ...
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
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 Grand Ledge school district was established in 1886. It comprises an area of 125 square miles (320 km 2) centered 10 miles (16 km) west of Lansing, Michigan's state capital. Within the school district are the City of Grand Ledge, the communities of Delta Mills, Mulliken, Wacousta and Eagle, as well as a large portion of Delta Township.
The Grand Ledge Chair Company was founded in 1837 as a small furniture shop by Thomas Garrett, Harry Jordan, and Edward Crawford. The three reorganized and incorporated in 1888, and sold the business to Edward H. Turnbull and George H. Fletcher in 1893. Turnbull soon bought out Fletcher, gaining complete control of the company.
Males had a median income of $40,625 versus $25,156 for females. The per capita income for the village was $17,582. About 7.0% of families and 9.7% of the population were below the poverty line , including 10.2% of those under age 18 and 12.9% of those age 65 or over.
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