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Passaic County Habitat for Humanity is getting a $988,500 state grant to buy a vacant property in Paterson where the nonprofit group wants to build 16 to 22 apartments for single-parent families.
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 ...
In 2017, the new Atmosphere apartment building in downtown San Diego drew attention when it announced that it would be offering 205 apartments to low-income residents. [57] Residents pay their portion of rent through Section 8 vouchers, and many of the apartments are available only to families who make 30% or less of the median income of the ...
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 city of Austin has opened 300 new apartments on its south side to provide low-income families with affordable housing, and is also offering $3.6 million in grants to help with rental ...
To determine which cities in Texas were the most affordable for single-income households, GOBankingRates sourced data from a number of sources. To qualify, cities first had to rank in the 50 most ...
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