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However, the report's authors raised a red flag for Maine's housing situation, citing a lack of affordable homes and rental properties. The estimated percentage of households that can't afford the ...
Owning waterfront property doesn't have to be an account-depleting endeavor. While places around major U.S. cities might be out of reach for most, there are plenty of affordable options out there ...
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 [11])—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 ...
The Outlets at Kittery at 283 U.S. Route 1 could be demolished if a major development is approved. A five-story, 107-unit apartment building, a four-story 119-room hotel with an indoor pool, and a ...
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.
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
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