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U.S. Bank Finances Affordable Housing Project for Veterans in California EL MONTE, Calif.--(BUSINESS WIRE)-- U.S. Bank, Mercy Housing California, and New Directions have closed on a financing ...
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
The Housing and Community Development Act of 1974 signed by President Gerald Ford later amended the Housing Act of 1937 and created Section 8 housing, now known as the Housing Choice Voucher program. The California Department of Housing and Community Development (HCD) Housing Assistance Program (HAP) acts as the local housing authority for 12 ...
More than half a dozen affordable housing projects in California are costing more than $1 million per apartment to build, a record-breaking sum that makes it harder to house the growing numbers of ...
Rules require that affordable housing built with federal grant money be accessible to people with disabilities. Los Angeles failed to do that, officials said. L.A. will pay nearly $40 million for ...
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...