Ads
related to: innovative financing for affordable housing act passed
Search results
Results From The WOW.Com Content Network
The president wants to increase the number of tax credits available for low-income housing developers and approve a $20 billion innovation fund for affordable housing expansion.
Multiple laws have been passed since 2010 to preempt local zoning laws and ease private developments of housing and reduce the statewide housing shortage, especially under the governorships of Jerry Brown and Gavin Newsom. Several of these laws contain mandates and incentives for private development of affordable or subsidized housing.
Los Angeles voters approved a new half-cent sales tax for housing development, while Charlotte, North Carolina, passed a $100 million housing bond package. Baltimore followed with a $20 million ...
The San Diego Housing Commission currently owns 2,221 affordable housing units and plans to expand that number in the future to meet the growing demand. [55] In 2009, the San Diego Housing Commission implemented a finance plan that created 810 more units of affordable rental housing through leveraging the equity of its owned properties.
Bipartisan housing bills (SB1137/HB1229 and SB2496/HB2623) passed this year open the doors for Metro to launch creative solutions to funding gaps regarding housing development or preservation ...
The families either pay a monthly rent or may purchase the housing unit for an affordable price. [2] Site acquisition or improvement – In this type of activity, HOME funds purchase property that is later developed as affordable housing. This activity also covers the improvement and rehabilitation of current affordable housing. [2]