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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.
This 83-year-old Chicago senior has lived in South Shore for 50 years — now she keeps getting offers to buy her home ‘as is.’ Why outside investors are gobbling up properties in the area
National Equity Fund, Inc (NEF) is a national non-profit syndicator of Low Income Housing Tax Credits (LIHTC). Created in 1987 as an affiliate of the Local Initiatives Support Corporation (LISC) and headquartered in Chicago, NEF is one of the largest non-profit LIHTC syndicators in the United States of America.
CHA is the largest rental landlord in Chicago, with more than 50,000 households. CHA owns over 21,000 apartments (9,200 units reserved for seniors and over 11,400 units in family and other housing types). It also oversees the administration of 37,000 Section 8 vouchers. The current acting CEO of the Chicago Housing Authority is Tracey Scott.
Cost-of-living in America is still out of control — use these 3 'real assets' to protect your wealth today, no matter what the US Fed does or says This article provides information only and ...
According to a recent survey of U.S. seniors between the ages of 62-85 by Indeed Flex, almost one in three retirees are considering temporary work and un-retirement, primarily due to inflation’s ...
Ryderwood was originally established in 1923 as a Long-Bell logging camp, then was sold to Senior Estates, Inc. in 1953 to create a retirement community. [7] Senior Estates, Inc. converted the town into a retirement community. Time Magazine covered the event in the real estate section with the article "Old Folks at Home [8]". As of 2019 ...
Darryl Lloyd wasn’t prepared to receive a property tax bill of more than $30,000 this year — a whopping 1,567% hike from last year’s bill of $1,800.