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The Inclusive Communities Project is a Texas-based non-profit organization that helps low-income families obtain affordable housing. In 2008, they filed suit against the Texas agency responsible for administering these tax credits, claiming it disproportionately allocated too many tax credits "in predominantly black inner-city areas and too few ...
The term “source of income discrimination” is used by housing advocates [2] to describe a phenomenon that is legal nationwide in the United States but is increasingly being banned on the state [3] and city level. [4] [5] Participation in the Section 8 Housing Voucher Program is largely voluntary for landlords. [6]
Multifamily Private Activity Bond Program. TSAHC issues tax-exempt multifamily private activity bonds to finance multifamily rental housing projects that meet one of the following priorities: 1) at-risk preservation and rehabilitation, 2) rural and smaller urban markets, 3) senior and supportive housing developments, or 4) disaster relief housing.
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 ...
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May 22, 2024 at 12:30 PM. Housing Affordability Challenges Persist, Yet Buyer's Market Flourishes In Texas And Florida. Amid rising mortgage rates and general unaffordability nationwide, cities in ...
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