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Rita Ranch is a masterplanned community located in southeastern Tucson, Arizona. It is served by the Vail School District. [1] It borders the small towns of Vail and Corona de Tucson. Many military families from Davis-Monthan Air Force Base live in the area. The population was estimated at 18,925 in 2007. [2]
The property was auctioned in October 1976 to HUD, which provided a grant to the City of Tucson to purchase it. [4] In 1979, the City of Tucson acquired the 408-unit Tucson House complex and converted it to public housing for the elderly and disabled. In 2016, a faulty water valve caused residents to be without water for more than 24-hours. [5]
Affordable housing and Homelessness in the San Francisco Bay Area represents an ongoing part of public discourse, especially as the Bay Area population has increased to house about 20% of the State of California's population – the regional population is expected to increase from 7.2 million to 9.3 million by 2040. [65]
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.
Until 2018, in Los Angeles, for an affordable housing development to be allowed to be built, it required a "letter of acknowledgement" from the city councilperson in whose district it would be constructed. This allowed city council members to block affordable housing developments in their district without having to give any reason. [134] [135]
The Home Affordable Modification Program (HAMP) is a government program introduced in 2009 to respond to the subprime mortgage crisis.HAMP [10] is part of the Making Home Affordable program (MHA), [11] established in concert with the Hardest Hit Fund program (HHF) [12] under the Troubled Asset Relief Program (TARP), a part of the Emergency Economic Stabilization Act of 2008. [13]
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