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The median rent for a one-bedroom in Raleigh is $1,260 and $1,560 for a two-bedroom, The News & Observer reported late last year. More than 120,000 households in Wake County spend over 30% on ...
15 Metros Have 1,500+ Build-to-Rent Homes Underway ... and relatively affordable housing market contribute to the surge in rental home development. ... with Charlotte, NC; Orlando, FL; Raleigh, NC ...
Nearly 29,000 low-income renters and 15,000 homeowners are “housing cost-burdened,” meaning they pay over 30% of their income on housing costs. Affordable Housing Preservation and Creation
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 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 initiative is expected to preserve more than 3,000 affordable units over the next 15 years. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ...
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