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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.
The Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.
Leicestershire County Council is the upper-tier local authority for the non-metropolitan county of Leicestershire, England. The non-metropolitan county is smaller than the ceremonial county, which additionally includes Leicester. The county council was originally formed in 1889 by the Local Government Act 1888.
Since 1987, the Low Income Housing Tax Credit has become the most important resource for creating affordable housing in the United States, responsible for more than three million units of affordable housing. [4] NEF has invested over $16.75 billion in 2,494 housing developments, creating 158,907 affordable homes since its founding in 1987.
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This was a lower tier district-level authority, with county-level services being provided to the city by Leicestershire County Council for the first time. In 1997, Leicester City Council regained responsibility for county-level services from Leicestershire County Council as part of the 1990s UK local government reforms.
Leicestershire districts and boroughs This is a list of civil parishes in the ceremonial county of Leicestershire, England. There are 233 civil parishes. Population figures are unavailable for some of the smallest parishes. The districts of Leicester and Oadby and Wigston (Oadby and Wigston) are entirely unparished. Coalville, Hinckley, Loughborough, Market Harborough and Melton Mowbray are ...
Harborough District Council is based at the Symington Building, located in the centre of Market Harborough. The building was originally a corset factory, built in 1884. [17] The council purchased the building in 1980 and converted it to become its offices and meeting place, as well as providing a new library for the town. [18]