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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 site in Old Town, located at 9220-9244 Elk Grove Blvd., would be reserved for Mutual Housing. According to a city report, the city is planning on this location being affordable housing for low ...
University Hills is a housing development on the campus of the University of California, Irvine (UCI) in southern Irvine, California, United States, consisting of 1226 for-sale homes and 384 rental units. [1] University Hills was developed by the Irvine Campus Housing Authority, a not-for-profit corporation under the control of the university.
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.
The McKinsey Global Institute estimates that California's housing shortage is costing the state $143 billion to $233 billion in lost economic output, primarily from consumption that's crowded out by high housing costs and lost construction activity. ^ ab"Table 12-13".
The vote came after the Planning Board's March meeting where members voted 4-2 to recommend City Council to deny the project. The three-story complex at 904 Greenville Highway will consist of 60 ...
Asparagus [3] Irvine (/ ˈɜːrvaɪn /) is a master-planned city in central Orange County, California, United States, in the Los Angeles metropolitan area. The Irvine Company started developing the area in the 1960s and the city was formally incorporated on December 28, 1971.
0.3% 10,524. Greater Los Angeles is a politically divided metropolitan area. During the 1970s and 1980s, the region leaned toward the Republican Party. Los Angeles County, the most populous of the region, is a Democratic stronghold, although it voted twice for both Richard Nixon (1968 and 1972) and Ronald Reagan (1980 and 1984).