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The Rental Assistance Demonstration is a federal housing program that was enacted as part of the Consolidated and Further Continuing Appropriations Act, 2012, [1] and is administered by the U.S. Department of Housing & Urban Development (HUD). Broadly, the purpose of the Rental Assistance Demonstration (or RAD) is to provide a set of tools to ...
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 Home Investment Partnerships Program (HOME) – This HUD program provides grants to state and local governments that can be used to create affordable housing options for low-income households ...
Baltimore County (/ ˈ b ɔː l t ɪ m ɔːr / BAWL-tim-or, locally: / b ɔː l d ə ˈ m ɔːr / bawl-da-MOR or / ˈ b ɔː l m ər / BAWL-mər [1]) is the third-most populous county in the U.S. state of Maryland. The county is part of the Central Maryland region of the state. Baltimore County partly surrounds but does not include the ...
Map of the United States with Maryland highlighted. Maryland is a state located in the Southern United States. [1] As of the 2020 United States census, Maryland is the 18th-most populous state with 6,177,224 inhabitants and the ninth-smallest by land area, spanning 9,707.24 square miles (25,141.6 km 2) of land. [2]
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