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View of Arlington Court and Riverview developments on Milwaukee's Eastside. HACM's developments provide low-income housing to the elderly, disabled, and families. HACM's first development was Parklawn, constructed at a cost of $2 million in 1944. By 1948, the agency had constructed Northlawn, Southlawn, and Berryland.
The typical YMCA SRO housing provides "low-income, temporary housing for a rent of $110 per week (in 2005)" for stays that are typically three to six months long. [16] By 1950, 670 of the 1,688 YMCAs in the US provided SRO spaces, which made 66,959 beds available. [ 16 ]
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 ...
On Nov. 18, Milwaukee County Executive David Crowley announced a $3 million investment into the development – specifically, $2.5 million of American Rescue Plan Act (ARPA) funds plus $500,000 in ...
A long-delayed veterans housing project planned for Milwaukee's northwest side is launching an $11.7 million fundraising campaign.. The "tiny homes" project was to begin construction in 2021 after ...
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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