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Non-profit housing is owned and managed by private non-profit groups such as churches, ethnocultural communities or by governments. Many units are provided by community development corporations (CDCs). They use private funding and government subsidies to support a rent-geared-towards-income program for low-income tenants. [7] [8] [clarification ...
South Carolina is the thirty-seventh-richest state in the United States of America, with a per capita income of $18,795 (2000). South Carolina Counties Ranked by Per Capita Income [ edit ]
North Main Street in Columbia, South Carolina on Saturday, July 9, 2022. The area north of downtown is undergoing changes due to development. “We want the development,” Herbert said.
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 project would be built along an important gateway into the city, on one of the most prominent undeveloped properties downtown.
Affordability is a function of the relationship between one's income and the housing costs of the area, which leads to variation in the percentage of AMI that may be used to describe people who might need workforce housing. [2] Proximity. Most appropriately, "workforce housing" is located in or near employment centers.