Search results
Results from the WOW.Com Content Network
ILLINOIS (WCIA) — Governor JB Pritzker signed an executive order on Wednesday to help expand affordable housing for Illinoisians. The order will enlist agencies throughout the state to explore ...
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 National Association of Affordable Housing Lenders (NAAHL) is a U.S. trade organization founded by Melvin J. Carriere, representing financial institutions that provide financing and investing to low- and moderate-income communities.
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
But keep in mind that these homes are sometimes still looked at as homes that "need work," and that works in your favor as a buyer. 4. Expand your neighborhood preferences
Tim Brigman argues raising the Real Estate Excise Tax to fund affordable housing would be counterproductive, leaving many renters worse off. | Opinion
The San Diego Housing Commission currently owns 2,221 affordable housing units and plans to expand that number in the future to meet the growing demand. [60] In 2009, the San Diego Housing Commission implemented a finance plan that created 810 more units of affordable rental housing through leveraging the equity of its owned properties.
Just 16% of homes for sale in 2023 were affordable to the typical US household, the lowest share on record since Redfin started tracking the metric a decade ago.