Ads
related to: 4% tax credit affordable housing assistance in garland texas
Search results
Results from the WOW.Com Content Network
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 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 ...
Earned Income Tax Credit (EITC) 40,027 55,123 Supplemental Security Income (SSI) 38,315 50,544 Housing assistance 37,205 49,739 Child Nutrition Program 13,558 20,842 Support Payments to States, TANF 28,980 20,842 Feeding Programs (WIC & CSFP) 5,695 6,671 Low Income Home Energy Assistance 2,542 3,704 Notes: * Spending in millions of dollars
The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.
Tax Policies and Deductions With Republicans sweeping both houses of Congress, pundits expect Trump to succeed in extending the tax rules from his signature Tax Cuts and Jobs Act (TCJA) of 2017.
New York City has a shortage of affordable housing resulting in overcrowding and homelessness. New York City attracts thousands of new residents each year and housing prices continue to climb. Finding affordable housing affects a large portion of the city's population including low-income, moderate-income, and even median income families. [62]
Ads
related to: 4% tax credit affordable housing assistance in garland texas