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Columbus, the capital city of Ohio, has a history of social services to provide for low- and no-income residents. The city has many neighborhoods below the poverty line, and has experienced a rise in homelessness in recent decades. Social services include cash- and housing-related assistance, case management, treatment for mental health and substance abuse, and legal and budget/credit assistance.
The term " affordable housing " refers to housing that is considered economically accessible for individuals and families whose household income falls at or below the Area Median Income (AMI), as evaluated by either national or local government authorities through an officially recognized housing affordability index. [ 3 ] However, in the US, the term is mostly used to refer to housing units ...
In the United States, subsidized housing is administered by federal, state and local agencies to provide subsidized rental assistance for low-income households. Public housing is priced much below the market rate, allowing people to live in more convenient locations rather than move away from the city in search of lower rents.
The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of private equity in developing affordable housing. [2] Projects ...
The affordable housing efforts put into motion by the Weinland Park Collaborative are worth noting. A few of these efforts include the Neighborhood Stabilization Program, lease-to-purchase single-family home development, Habitat for Humanity housing, and Low Income Housing.
Post Oak Station is an affordable housing project for low income families located on 1383 Vida Way, only 2 blocks south of Clime Road. One must apply for a potential lease agreement through the Columbus Metropolitan Housing Authority (CMHA), and acceptance to be able to lease does not mean one can move in immediately, due to high demand of ...
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