Search results
Results from the WOW.Com Content Network
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 ...
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]
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
One way to measure income inequity, or how far from equal the household incomes are in a state or nation, is the Gini Coefficient. ... August 9, 2010 at 1:59 PM. ... 18,000 Malibu area residents ...
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.
A 2021 government report stated that in order to meet demand, 52,498 units would need to be created by 2030, requiring a significant ramp-up in production levels. Could this be a solution nationwide?
In 2010, the head of households demographics were 88% African American and 12% White. [39] The population of children in CHA decreased from 50% in 2000 to 35% by 2010. Today on average, a Chicago public housing development is made up of: 69% African-American, 27% Latino, and 4% White and Other. [40] [clarification needed]
Not long ago, the Chicago area was one of the biggest markets in the country where a low-income family could afford a modest-priced home. But after prices soared during the COVID-19 pandemic, even ...