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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 ...
According to Gainesville’s recent Affordable Housing Strategic Report, even residents making between $35,000 to $49,000 can be cost-burdened renters, spending more than 30% of their income on rent.
This is an accepted version of this page This is the latest accepted revision, reviewed on 18 December 2024. Classified advertisements website Craigslist Inc. Logo used since 1995 Screenshot of the main page on January 26, 2008 Type of business Private Type of site Classifieds, forums Available in English, French, German, Dutch, Spanish, Italian, Portuguese Founded 1995 ; 29 years ago (1995 ...
The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
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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.
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