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  2. 21 affordable apartments for seniors offered at Rochester's ...

    www.aol.com/21-affordable-apartments-seniors...

    Alliance will be the property managers of the Gafney Home's 21 apartments; a mix of studio, one- and two-bedroom units with a rental range of $1,085 to $1,350

  3. Low-Income Housing Tax Credit - Wikipedia

    en.wikipedia.org/wiki/Low-Income_Housing_Tax_Credit

    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.

  4. Subsidized housing - Wikipedia

    en.wikipedia.org/wiki/Subsidized_housing

    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. [5]

  5. Independent senior living - Wikipedia

    en.wikipedia.org/wiki/Independent_senior_living

    Independent senior living communities commonly provide apartments, but some also offer cottages, condominiums, and single-family homes. Residents include seniors who do not require assistance with daily activities or 24/7 skilled nursing, but may benefit from convenient services, senior-friendly surroundings, and increased social opportunities ...

  6. Affordable housing - Wikipedia

    en.wikipedia.org/wiki/Affordable_housing

    Housing is often the single biggest expenditure of low and middle income families. For low and middle income families, their house is also the greatest source of wealth. [35] Another method of studying affordability looks at the regular hourly wage of full-time workers who are paid only the minimum wage (as set by their local, regional, or ...

  7. Low-income seniors told to move as developer buys historic ...

    www.aol.com/low-income-seniors-told-move...

    An affordable housing complex serving seniors in downtown Columbia has been sold, forcing its low-income residents to find new homes. The buyer is pitching a $1.4 million restoration of the ...

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