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The median rent for a one-bedroom in Raleigh is $1,260 and $1,560 for a two-bedroom, The News & Observer reported late last year. More than 120,000 households in Wake County spend over 30% on ...
As home and rent prices in the Triangle continued to climb over the last several years, the City of Raleigh has been seeking out new avenues to accommodate the growing affordable housing need.
The initiative is expected to preserve more than 3,000 affordable units over the next 15 years. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ...
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
The Rental Assistance Demonstration is a federal housing program that was enacted as part of the Consolidated and Further Continuing Appropriations Act, 2012, [1] and is administered by the U.S. Department of Housing & Urban Development (HUD). Broadly, the purpose of the Rental Assistance Demonstration (or RAD) is to provide a set of tools to ...
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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