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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. Section 8 (housing) - Wikipedia

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

    The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [9])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...

  4. 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 ...

  5. Affordable housing - Wikipedia

    en.wikipedia.org/wiki/Affordable_housing

    Determining housing affordability is complex and the commonly used housing-expenditure-to-income-ratio tool has been challenged. In the United States [20] and Canada, [21] a commonly accepted guideline for housing affordability is a housing cost, including utilities, that does not exceed 30% of a household's gross income. [22]

  6. RI has $3.8M to build more income-restricted housing - AOL

    www.aol.com/ri-3-8m-build-more-090441217.html

    PROVIDENCE — The state will use $3.8 million in federal grant money to tackle negative perceptions in specific "health equity zones" around income-restricted housing, as well as other housing ...

  7. McKee pitches a $100-million housing bond. Does it go ... - AOL

    www.aol.com/mckee-pitches-100-million-housing...

    A $150 million bond buys 402 income-restricted units. In Westerly, a proposed 2,300-unit apartment complex that would replace a golf course has an estimated cost of $705 million, or $306,521 per unit.

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