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Lewis also secured $15 million for a pilot program to refurbish houses repossessed by the Department of Housing and Urban Development and providing them to qualified low income families. The program, according to Lewis' office at the time was successful in Redlands, Highland, and San Bernardino. [11]
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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 ...
Redlands (/ ˈ r ɛ d l ə n d z / RED-ləndz) is a city in San Bernardino County, California, United States.As of the 2020 census, the city had a population of 73,168, [7] up from 68,747 at the 2010 census.
The LIHTC, established in 1986, stands as a groundbreaking departure from the typical structure of supply-side housing programs, which primarily relied on subsidizing low-income housing. As of 2010, this innovative approach yielded the construction of 1.5 million low-income housing units. [33]
Some have paid well over $500,000 for homes — even $1 million-plus in instances — while others pay market-rate rents that can exceed $1,800 a month for one-bedroom apartments and $2,400 for ...
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