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  2. Affordable housing development Route 66 Flats breaks ground ...

    www.aol.com/affordable-housing-development-route...

    The project's cost is an estimated $16.6 million and Housing New Mexico, otherwise known as the New Mexico Mortgage Finance Authority, is providing $14.2 million in federal Low-Income Housing Tax ...

  3. YES Housing works through two affordable housing projects in ...

    www.aol.com/yes-housing-works-two-affordable...

    City officials through their Housing Forward ABQ initiative have said the city is short between 13,000 and 28,000 units, and low-income communities face tougher challenges when it comes to housing ...

  4. Four things to know about affordable housing in Albuquerque - AOL

    www.aol.com/four-things-know-affordable-housing...

    Nearly half of the city's renters spend more than 30% of their income on housing. The average Albuquerque rent in 2024 is $1,340, according to Rent Café, while the average apartment size is 818 ...

  5. Section 8 (housing) - Wikipedia

    en.wikipedia.org/wiki/Section_8_(housing)

    Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1]

  6. Subsidized housing in the United States - Wikipedia

    en.wikipedia.org/wiki/Subsidized_housing_in_the...

    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 ...

  7. Affordable housing in the United States - Wikipedia

    en.wikipedia.org/wiki/Affordable_housing_in_the...

    The LIHTC, established in 1986, stands as a groundbreaking departure from the typical structure of supply-side housing programs, which primarily relied on subsidizing low-income housing. As of 2010, this innovative approach yielded the construction of 1.5 million low-income housing units. [33]

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