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Summit County Executive Ilene ... The First Home First Loan Payment Assistance Program has been designed to help low to moderate income ... "We waited for the housing market to stabilize a little ...
Non-profit housing is owned and managed by private non-profit groups such as churches, ethnocultural communities or by governments. Many units are provided by community development corporations (CDCs). They use private funding and government subsidies to support a rent-geared-towards-income program for low-income tenants. [7] [8] [clarification ...
Family Promise (formerly National Interfaith Hospitality Network) is a national 501(c)(3) nonprofit organization in the United States, founded by Karen Olson in 1988. Family Promise [1] primarily serves families with children who are homeless or at risk of homelessness, with the mission of "help[ing] homeless and low-income families achieve sustainable independence through a community-based ...
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 ...
Complaint forms can be mailed to the Summit County Fiscal Office, 175 S. Main Street, Room 302, Akron, OH 44308 or the satellite office at Summit County Board of Revision, 1180 South Main St ...
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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