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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 Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.
The main strait is 3 + 1 ⁄ 2 miles (5.6 kilometers) wide with a maximum depth of 295 feet (90 meters; 49 fathoms), [2] and connects the Great Lakes of Lake Michigan and Lake Huron. Given the large size and configuration of the straits, hydrologically, the two connected lakes are one body of water, studied as Lake Michigan–Huron.
Housing is a big issue right now, with a lot of strong opinions. But there’s one particular housing program that most experts agree fails to deliver: the Low-Income Housing Tax Credit, known as ...
Lake Superior's deepest point [4] on the bathymetric map. [1] Lake Superior has a surface area of 31,700 square miles (82,103 km 2), [7] which is approximately the size of South Carolina or Austria. It has a maximum length of 350 statute miles (560 km; 300 nmi) and maximum breadth of 160 statute miles (257 km; 139 nmi). [8]
The Keweenaw Peninsula (/ ˈ k iː w ə n ɔː /, KEE-wə-naw) is a peninsula of the U.S. state of Michigan.Part of the greater landmass of the Upper Peninsula, the Keweenaw Peninsula projects about 65 miles (105 km) northeasterly into Lake Superior, forming Keweenaw Bay.
The Whitefish Point Light marks the entry of the bay, Ile Parisienne Light [2] is in the middle of the bay, and Gros Cap Reefs Light lies near the outlet of the bay and the approach to the Soo Locks at Sault Ste. Marie, Michigan. Whitefish Point Lighthouse is the oldest active light on Lake Superior.
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