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We know there’s a worker shortage throughout Gallatin County, and a couple of things contribute to that problem, one of those things being the cost of housing.
Cost burden means you spend more than 30% of your income on housing, including utilities, taxes and insurance. ... If you keep your housing costs low, you can free up money to enjoy fulfilling ...
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. [38]
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 ...
No sales taxes and low median home prices help soften the state taxing a portion of Social Security benefits for retirees above a certain income level. Montana property taxes are considered low ...
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