Search results
Results from the WOW.Com Content Network
In North Carolina, particularly in its fast-growing cities, there is an acute shortage of affordable housing. The median home price rose by 25 percent in 2021 and bumped up an estimated 5 percent ...
The Alliance, a project approved in 2022, received state and federal tax credits of $1.3 million and $2.5 million, respectively, to build 100 affordable units on the corner of Laurens Road and ...
Iowa's housing market is the sixth most affordable in the U.S., with a median home value of $181,600 and 71.5% home ownership, according to the Census Bureau. Job opportunities abound in advanced ...
The government designed and implemented the HOME program to increase the amount of affordable housing for U.S citizens, especially those below the national and state poverty guidelines. The program has four main objectives: [1] Expand the supply of decent and affordable housing in the U.S.
The San Diego Housing Commission currently owns 2,221 affordable housing units and plans to expand that number in the future to meet the growing demand. [55] In 2009, the San Diego Housing Commission implemented a finance plan that created 810 more units of affordable rental housing through leveraging the equity of its owned properties.
However, rising housing costs are creating an even larger gap between affordable and market rate units, especially in expensive housing markets like New York. [ 8 ] There has been criticism of the 80/20 program with some New York residents claiming that 80/20 housing has resulted in higher rents and gentrification .
(The Center Square) – Elected officials are looking for answers to Illinois’ low number of new homes. Recently seated state Rep. Regan Deering, R-Decatur, said it is apparent that Illinois has ...
Therefore, in 2002, voters passed Proposition 46, the Housing and Emergency Shelter Trust Fund Act, which authorized the state to sell $2.1 billion in general obligation bonds to benefit affordable housing. These bonds resulted in approximately $400 million in revenue per year between 2002 and 2005.