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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.
In terms of benefits of the LIHTC program, a 2011 analysis published in the Housing Policy Debate journal found that increases in the use of tax credits are linked to reductions in racial segregation in metropolitan areas. [34] This means that LIHTC projects do not tend to lead to increased segregation, even in areas with elevated poverty levels.
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
Coffee (+1.9% annually): The same weather events that are hampering Brazil’s citrus production negatively impacted the second-most consumed beverage in the US.Arabica coffee beans, which make up ...
Calculating Area Median Income (AMI) and pricing units at certain percentages of AMI most often determine the income mix of a mixed-income housing development. Mixed-income housing is one of two primary mechanisms to eliminate neighborhoods of concentrated poverty , combat residential segregation , and avoid the building of public housing that ...
From January 2008 to July 2012, if you bought shares in companies when Thomas W. Luce, III joined the board, and sold them when he left, you would have a -49.4 percent return on your investment, compared to a -7.6 percent return from the S&P 500.
The Rams have been able to right the ship of their 2024 season thanks to the returns of two major weapons in the passing game. Los Angeles is now 5-5 after a 1-4 start to the season and 2-1 in the ...
A new NATO command in the German city of Wiesbaden has taken up its work to coordinate Western military aid for Ukraine, the alliance's Secretary-General Mark Rutte said on Wednesday. The command ...