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During the 1930s, Cleveland Councilman Ernest J. Bohn, led an effort to create public housing for low-income families. At that time, low income families lived in very poor conditions. Bohn sought out unsafe tumbledown shanties, known as "fire-traps", to replace with improved, affordable housing that struggling families could use to improve ...
At the end of 2015, LIHI owned and/or managed over 1,700 housing units at 50 sites in six counties throughout the Puget Sound region. [2] Residents include the working poor, low-income families, individuals, seniors, people with disabilities, and women and children at risk. More than 700 of these units house formerly homeless families and ...
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 ...
1. Omaha, Nebraska. Median monthly housing costs: $1,188 Employment rates: 98% Median family income: $68,198 Find Out: How Much Household Income Will Be Considered Upper Middle Class in 5 Years ...
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. [33]
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