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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 ...
Poverty rate by state or territory, 2016-2020 State or territory Population Population under poverty line Poverty rate Puerto Rico 3,227,457 1,400,958 43.41%
The LIHTC, established in 1986, stands as a groundbreaking departure from the typical structure of supply-side housing programs, which primarily relied on subsidizing low-income housing. As of 2010, this innovative approach yielded the construction of 1.5 million low-income housing units. [38]
The wrecking balls are demolishing the last of Chicago's Cabrini-Green tenement buildings. A couple weeks ago, there were four mid-rise buildings left in one of the nation's most notorious public ...
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The kids don't go to the city beaches and use the fire hydrants to cool off instead. It's a tradition in the community, comprised of very low income people. The area has high crime and fire records. From 1960 to 1970 the percentage of Chicago blacks with income of $7,000 or more jumped from 26% to 58%." - June 1973. Photograph by John H. White
Not long ago, the Chicago area was one of the biggest markets in the country where a low-income family could afford a modest-priced home. But after prices soared during the COVID-19 pandemic, even ...
In 2010, the head of households demographics were 88% African American and 12% White. [39] The population of children in CHA decreased from 50% in 2000 to 35% by 2010. Today on average, a Chicago public housing development is made up of: 69% African-American, 27% Latino, and 4% White and Other. [40] [clarification needed]