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The Community Development Block Grant ( CDBG ), one of the longest-running programs of the U.S. Department of Housing and Urban Development, funds local community development activities with the stated goal of providing affordable housing, anti-poverty programs, and infrastructure development. CDBG, like other block grant programs, differ from ...
The HOME Investment Partnerships Program ( HOME) is a type of United States federal assistance that the U.S. Department of Housing and Urban Development (HUD) provides to states to create decent and affordable housing, particularly housing for low and very low income Americans. [1] It is the largest Federal block grant to states and local ...
Apr. 23—In an effort to make a 62-unit workforce housing project feasible for a developer on the 300 block of downtown Albert Lea, the Albert Lea City Council on Monday approved a grant ...
The FHIP program is the only Federal grant program whose purpose is to support private partnerships in preventing and overcoming housing discrimination. History of the Program [ edit ] The Fair Housing Initiatives Program began with the passage of Section 561 of the Housing and Community Development Act of 1987 (42 U.S.C. 3616; P.L. 100–242 ...
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 ...
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.
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