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In 1983, the New Jersey State Supreme Court determined that the inclusion of affordable housing would satisfy a municipality’s state constitutional obligations to house the poor, and then in 1986, U.S. Congress authorized the Low Income Housing Tax Credit (LIHTC) program, which provided a tax credit to private developers who included ...
In 1988 LISC raised $51 Million for affordable housing project through LIHTC, and $77 Million in 1990. [ 16 ] [ 17 ] Although LIHTC was initially created as a temporary measure set to expire by 1989, its effectiveness prompted LISC and other organizations to advocate for its extension.
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
HOPE VI is a program of the United States Department of Housing and Urban Development.It is intended to revitalize the most distressed public housing projects in the United States into mixed-income developments. [1]
September 26, 2023: MEMPHIS, TN - A view of Memphis Towers where more than 160 residents live.
The Fair Housing Assistance Program (FHAP) is a federal program that is administered by the Office of Fair Housing and Equal Opportunity at the U.S. Department of Housing and Urban Development. The FHAP program provides funding annually on a noncompetitive basis to State and local agencies that enforce fair housing laws that are substantially ...
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