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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 ...
The subsidy amount is typically based on the tenant's income, usually the difference between the rent and 30% of the tenant's gross income, but other formulas have been used. [ 4 ] According to a 2018 study, major cuts in rental subsidies for poor households in the United Kingdom led to lowered house prices.
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 county seat is Placerville. [7] The county is part of the Sacramento-Roseville-Arden-Arcade, CA Metropolitan Statistical Area. It is located entirely in the Sierra Nevada, from the historic Gold Country in the western foothills to the High Sierra in the east. El Dorado County's population has grown as Greater Sacramento has expanded into ...
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Swansboro Country; a subdivision within the community of Mosquito, [5] is a residential area northeast of Placerville, the county seat of El Dorado County, California. The population was approximately 1,000 at the 2010 census. It is part of the Sacramento–Arden-Arcade–Roseville Metropolitan Statistical Area.
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