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In 2016, the exemption was $5.45 million per person. Starting in 2011, the GST exemption amount for generation-skipping trusts and for outright gifts to skip-persons, is $5 million per person (or $10 million for a married couple). The exemption amount is increased annually by an inflation adjustment as is the estate/gift tax exemption.
The Oregon Housing and Community Services Department (OHCS) is the housing finance agency of the government of the U.S. state of Oregon. It administers programs providing financing assistance for single family homes, new construction or rehabilitation of multi-family affordable housing developments, and grants and tax credits to promote ...
The project developed 70 permanently affordable homeownership units for low-income households, making it the state’s largest housing cooperative. Visitors tour Peace Village Co-op 70-unit ...
A $500 million bill focused on increasing housing production has made its way to the Oregon legislature, offering what Gov. Tina Kotek is calling a wide-ranging set of solutions to tackle the ...
Oregon's housing crisis. ... and 176,300 of them need to be affordable for those earning less than 60% of area median income, according to the Oregon Housing Needs Analysis published in December ...
Living spaces. 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 ...
Eugene grants tax exemption for development. In their third vote, councilors granted a Multi-Unit Property Tax Exemption to the project. The MUPTE is a city program where councilors can waive ...
80/20 housing. In the United States, 80/20 housing is multifamily housing program that meets federal guidelines for tax-exempt financing. [1] 80/20 housing developments reserve 20 percent of units as affordable housing, only to be rented by low-income residents, leaving the remaining 80 percent of units to be rented at the typical market rate. [2]