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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 ...
With the recent adoption of its historic affordable housing law, Passaic is creating more opportunities for the community and especially its youths, Lora said. "Every year, we see over 500 ...
Section 9 assistance is administered locally by public housing agencies (PHAs), which receive funding from HUD to support the operating and capital needs of public housing properties. As of 2010, [ 13 ] there were 3,040 PHAs nationwide, administering a combined 7,340 public housing properties, comprising some 1,105,380 units.
Passaic's housing set-asides. Passaic also passed a 20% set-aside for affordable units in new construction of five units or more. This, too, is meant to provide additional affordable housing in ...
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.
Now, one city in Passaic County can. Of more than 2,000 cities rated, Clifton was named one of the top 100 places to live in the United States, according to a recent report from Livability .
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 ...
County taxes in 2023 made up 21.5% of Passaic County's total tax levy, which includes school, municipal and special district taxes, state records show. The average county tax was 17.8% of the ...
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