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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.
Non-profit housing is owned and managed by private non-profit groups such as churches, ethnocultural communities or by governments. Many units are provided by community development corporations (CDCs). They use private funding and government subsidies to support a rent-geared-towards-income program for low-income tenants. [7] [8] [clarification ...
Story at a glance The Lafayette, Fort Wayne, and Elkhart metros in Indiana ranked as the top three emerging housing markets in the country, respectively, according to a new winter 2023 analysis ...
Males had a median income of $45,023, versus $23,378 for females. The per capita income for the town was $19,752. About 5.6% of families and 6.5% of the population were below the poverty line , including 7.8% of those under age 18 and 5.4% of those age 65 or over.
Floor Plan of the Wm McCallum Hse in Valparaiso, IN. The house was constructed circa 1885 as a two-story, double brick, asymmetrical Italianate residence with a low hip-and-gable roof system. [3] The exterior walls are English bond brick. The neighborhood contains similar houses on tree-covered lots. [3] The interior is approximately 5,000 sq ft.
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