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Columbus, the capital city of Ohio, has a history of social services to provide for low- and no-income residents. The city has many neighborhoods below the poverty line, and has experienced a rise in homelessness in recent decades. Social services include cash- and housing-related assistance, case management, treatment for mental health and ...
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 ...
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In August 2022, YMCA of Central Ohio and the Columbus Downtown Development Corporation (CDDC) began working on a deal for the CDDC to take over ownership of the building by January 2023. [14] Several dozen current residents of the building would be moved to new housing for low-income seniors operated by the Columbus Metropolitan Housing ...
Hancock Apartments; Hill & Chase Street Apartments; Herman & Vine Street Apartments; Vine/Arch Street Apartments; Dublin/East Broad Street Apartments; Athens/Atlanta Avenue Apartments; Jack R. Wells Homes; Vine Circle Apartments; Nellie B. Homes; College & Hoyt Street Apartments; Jessie B. Denney Tower; Bonnie Lane Apartments; Towne View Place
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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