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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.
An analysis by the city's Independent Budget Office (IBO) predicted that the program would create roughly 10,000 to 15,800 affordable housing units over ten years at a per unit cost of $568,000. [12] In addition, the agreement made also led the state government to allot an additional $2.5 billion in the state budget in order to create an ...
The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
While SRO units are mostly associated with low-income renters, in cities where dwellings are expensive and scarce, there may be "middle-class SROs", a type of microapartment aimed at middle class and professional renters. The first 2010s-era micro-unit housing building in New York City, Carmel Place, opened in 2016. It has 55 studios which go ...
Contribution margin (CM), or dollar contribution per unit, is the selling price per unit minus the variable cost per unit. "Contribution" represents the portion of sales revenue that is not consumed by variable costs and so contributes to the coverage of fixed costs. This concept is one of the key building blocks of break-even analysis. [1]
The atomic ratio is a measure of the ratio of atoms of one kind (i) to another kind (j). A closely related concept is the atomic percent (or at.%), which gives the percentage of one kind of atom relative to the total number of atoms. [1]
A monitor unit (MU) is a measure of machine output from a clinical accelerator for radiation therapy such as a linear accelerator or an orthovoltage unit. Monitor units are measured by monitor chambers, which are ionization chambers that measure the dose delivered by a beam and are built into the treatment head of radiotherapy linear accelerators.
The principal sources of rare-earth elements are the minerals bastnäsite (RCO 3 F, where R is a mixture of rare-earth elements), monazite (XPO 4, where X is a mixture of rare-earth elements and sometimes thorium), and loparite ((Ce,Na,Ca)(Ti,Nb)O 3), and the lateritic ion-adsorption clays.