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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 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.
Rank County Per capita income Median household income Population Number of households 1 Madison: $32,223 $59,730 98,468 35,297 United States: $27,915
Natchez (/ ˈ n æ tʃ ɪ z / NATCH-iz) is the only city in and the county seat of Adams County, Mississippi, United States.The population was 14,520 at the 2020 census. [3] Located on the Mississippi River across from Vidalia, Louisiana, Natchez was a prominent city in the antebellum years, a center of cotton planters and Mississippi River trade.
The Natchez Micropolitan Statistical Area is a micropolitan area that consists of Adams County, Mississippi and Concordia Parish, Louisiana. As of the 2000 census , it had a population of 54,587 (though a July 1, 2009 estimate placed the population at 49,711).
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