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Hoboken experienced a wave of fires, some of which were arson. [78] [79] [80] Applied Housing, a real-estate investment firm, used federal government incentives to renovate "sub-standard" housing and receive subsidized rental payments (commonly known as Section 8), which enabled some low-income, displaced, and disabled residents to move within ...
Roberts also operates a family-owned business, East LA restaurants, which has been in Hoboken for over 25 years. [1] David was elected to Hoboken's City Council in 1985, representing the Sixth Ward. In 1995, he became City Council President. David served as Hoboken's 6th Ward Councilman until 2001 when he ran for Mayor.
Unlike CDBGs, HOME funds are granted to states and local jurisdictions specifically for the provision of affordable owned and rental housing for low- and moderate-income households by. States receive 40% of funds and cities and other local governments receive 60%. Allocation of funds is based on a needs based formula (similar to the CDBG ...
Many Americans are still in a tough spot: Nearly 30% of all US households this year said they spend more than 95% of their disposable income on necessities such as housing costs, groceries and ...
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 ...
Studies show that low-income residents are more heavily impacted by rising rents. Nationally, between 2000 and 2017, the percentage of income that Americans without a college degree spent on rent ...
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