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New apartments in Elk Grove are accepting lottery applications through Oct. 20. ... These units are targeted to working-class and low-income households,” said Sarah Bontrager, Elk Grove’s ...
The 387 units at Poppy Grove will make needed headway, but affordable housing continues to be a huge need in Elk Grove. A recent housing lottery conducted by the city drew 50 households for every ...
The site in Old Town, located at 9220-9244 Elk Grove Blvd., would be reserved for Mutual Housing. According to a city report, the city is planning on this location being affordable housing for low ...
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 ...
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 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 ...
Elk Grove city officials break ground Friday on the planned affordable housing site for Pardes Apartments at 8310 Poppy Ridge Road. A waiting list for potential residents is expected to open next ...
COAH defined housing regions, estimated the needs for low/moderate income housing, allocated fair share numbers by municipality and reviewed plans to fulfill these obligations. [citation needed] As of January 2006, 287 of New Jersey's 566 municipalities were part of the COAH process, and another 78 were under the court's jurisdiction.
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