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Rental prices in Orange County jumped 22% in 2021 before leveling out a year later and increasing modestly in 2023. Prices have been on the rise again this year, according to data from Apartment ...
t. e. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of ...
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [9])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
California Senate Bill 35 (SB 35) is a statute streamlining housing construction in California counties and cities that fail to build enough housing to meet state mandated housing construction requirements. [1] The bill was introduced to the California State Assembly by State Senator Scott Wiener (D-SF) on December 15, 2016. [2]
Orange County Sheriff John Mina, whose budget jumped about $32.4 million last year, is seeking another increase of about $22.9 ... Public safety, affordable housing top Orange County budget priorities
The report's key figure, the "Housing Wage," reveals the hourly earnings necessary for full-time workers to afford fair market rental homes without exceeding 30% of their incomes. Nationally, the 2023 Housing Wage is $28.58 per hour for a modest two-bedroom home and $23.67 per hour for a one-bedroom home.
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