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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 ...
In 2017, the new Atmosphere apartment building in downtown San Diego drew attention when it announced that it would be offering 205 apartments to low-income residents. Residents pay their portion of rent through Section 8 vouchers , and many of the apartments are available only to families who make 30% or less of the median income of the city. [58]
SOUTHFIELD, Mich. (FOX 2) - Across the country, build-to-rent homes are having their most successful season on record. A new analysis from RentCafe shows the number of build-to-rent houses grew by ...
Gentrification, the process of altering the demographic and socioeconomic composition of a neighborhood usually by decreasing the percentage of low-income minority residents and increasing the percentage higher-income residents, has been an issue between the residents of minority neighborhoods in Chicago who believe the influx of new residents destabilizes their communities, and the ...
e. The Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.
The 800 Tower, formerly The 800 Apartments, is a 29-story residential skyscraper in Louisville, Kentucky, located in the city's SoBro neighborhood, nestled between Old Louisville and downtown. [7] At the time construction was complete in 1963, The 800 was the tallest building in Louisville, [8] [5] a record it maintained for nearly a decade.
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