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Virginia Housing, formerly the Virginia Housing Development Authority (VHDA), is a self-supporting organization created by the Commonwealth of Virginia in 1972, to help Virginians attain quality affordable housing.
New York City has a shortage of affordable housing resulting in overcrowding and homelessness. New York City attracts thousands of new residents each year and housing prices continue to climb. Finding affordable housing affects a large portion of the city's population including low-income, moderate-income, and even median income families. [62]
Loudoun County is one of the counties in Virginia that elects to cover their employees in the Virginia Mortgage Assistance Program (VMAP). The program is designed to make housing more affordable for civil service workers in Virginia. [71]
The rate on the popular U.S. 30-year fixed-rate mortgage will average around 6.0% next year and help to boost new housing construction and stimulate demand for previously owned… NBC Universal 1 ...
Virginia Housing Development Authority (VHDA), a self-supporting, not-for-profit organization created by the Commonwealth of Virginia in 1972, to help Virginians attain quality, affordable housing. Although the Washington Metropolitan Area Transit Authority serves suburbs in Virginia (and Maryland), the Census Bureau counts it as a District of ...
The area is designated by the Office of Management and Budget (OMB) as the Washington–Baltimore–Arlington, DC–MD–VA–WV–PA Combined Statistical Area. It is composed primarily of two major metropolitan statistical areas (MSAs), the Washington–Arlington–Alexandria, DC–VA–MD–WV MSA and the Baltimore–Columbia–Towson ...
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 ...
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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