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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 City of Katy, Texas is a very small area surrounded by the Greater Katy area. The City itself has 14,102 residents as of the 2010 census (16,000 is the 2017 estimate), while the greater Katy area has an estimated 300,000 residents living within the Katy Independent School District boundaries as of 2015.
The Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.
San Antonio-New Braunfels, Texas How were these hot spots chosen? The NAR identified the top 10 housing hot spots by analyzing the following 10 economic, demographic and housing factors in ...
How to Get an Apartment With Bad Credit. Steve Strauss, The Motley Fool. November 15, 2024 at 8:00 AM ... For this one to help, you will need to show proof of your income with pay stubs, tax ...
U.S. Senators Jay Rockefeller (D-West Virginia) and Roy Blunt (R-Missouri) introduced S.B. 1133, "New Markets Tax Credit Extension Act of 2013" in June 2013 to permanently add New Market Tax Credits to the Internal Revenue Code, however the program expired in January 2014 without the bill passing. [14] [15] The program does continue.
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