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In 2015, Crawfordsville won a Stellar Community grant from Indiana Office of Community & Rural Affairs. [15] On May 17, 2018, a new clock tower built by Kentucky-based Campbellsville Industries was put into place on the courthouse's original clock tower base. The original clock tower had been taken down in 1941 due to structural concerns.
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 ...
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.
Union Township is one of eleven townships in Montgomery County, Indiana, United States. As of the 2020 census, its population was 25,087 (up from 24,587 at 2010 [2]) and it contained 10,949 housing units. [3] Wabash College is located in Crawfordsville in this township.
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
The subsidy amount is typically based on the tenant's income, usually the difference between the rent and 30% of the tenant's gross income, but other formulas have been used. [ 4 ] According to a 2018 study, major cuts in rental subsidies for poor households in the United Kingdom led to lowered house prices.
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