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  2. Low-Income Housing Tax Credit - Wikipedia

    en.wikipedia.org/wiki/Low-Income_Housing_Tax_Credit

    v. t. e. 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 ...

  3. Affordable housing - Wikipedia

    en.wikipedia.org/wiki/Affordable_housing

    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 ...

  4. Section 521 rental assistance - Wikipedia

    en.wikipedia.org/wiki/Section_521_rental_assistance

    The assistance payments enable eligible tenants to make monthly rent payments that do not exceed the greater of: (1) 30% of monthly adjusted family income; (2) 10 percent of monthly income; or, (3) the portion of the family’s welfare payment that is designated for housing costs. The rental assistance payments, which are made directly to the ...

  5. State doles out millions in funding for subsidized housing ...

    www.aol.com/state-doles-millions-funding...

    Rosebrook Commons, Middletown: $1 million in low income housing tax credits, $14.2 million in loans. A 64 income-restricted units in total 144-unit mixed-use development at 1747 West Main Road ...

  6. Section 8 (housing) - Wikipedia

    en.wikipedia.org/wiki/Section_8_(housing)

    Section 8 of the Housing Act of 1937 ( 42 U.S.C. § 1437f ), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1]

  7. 178-unit income-restricted, mixed-use building gets green ...

    www.aol.com/178-unit-income-restricted-mixed...

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