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The GoodHomes model is to provide an affordable housing option in the area for Fayetteville professionals and renters. ... Rent is based on market value and will start at $1,194 for studio units ...
An old Fayetteville hotel will become housing for homeless people, and an abandoned building will become low-income housing. Fayetteville hotel to be converted into apartments for the homeless ...
Perdue said the property has a low-medium rating, which allows for 1-4 dwellings per acre, but that a 300-unit apartment complex would mean there would be 11 dwellings per acre.
Non-profit housing is owned and managed by private non-profit groups such as churches, ethnocultural communities or by governments. Many units are provided by community development corporations (CDCs). They use private funding and government subsidies to support a rent-geared-towards-income program for low-income tenants. [7] [8] [clarification ...
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 ...
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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