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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 ...
Prichard is a city in Mobile County, Alabama, United States.The population was 19,322 at the 2020 census, [4] and was estimated to be 18,870 in 2022. [5] Prichard borders the north side of Mobile, as well as the Mobile suburbs of Chickasaw, Saraland, and the unincorporated sections of Eight Mile.
The Housing and Community Development Act of 1974 was a United States federal law, which, among other provisions, amended the Housing Act of 1937 to create Section 8 housing, [7] authorized "Entitlement Communities Grants" to be awarded by HUD, and created the National Institute of Building Sciences. [8]
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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 ...
The Housing and Community Development Act of 1974 (12 U.S.C. 1706e) is a United States federal law that, among other provisions, amended the Housing Act of 1937 to create Section 8 housing, [1] authorizes "Entitlement Communities Grants" to be awarded by the United States Department of Housing and Urban Development, and created the National Institute of Building Sciences. [2]
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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