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It is the largest Federal block grant to states and local governments designed exclusively to create affordable housing for low-income families, providing approximately US$2 billion each year. [ 2 ] The program is commonly referred to as the Home Investment or Home Partnership Program, and is often operating in conjunction with other housing ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
From the federal level, the Department of Housing and Urban Development has set three goals for Community Planning and Development (CPD) Programs – "To ensure decent housing; To create and maintain a suitable living environment; and To expand economic opportunities", [24] that are taken directly from the Housing and Community Development Act ...
The grants will be provided to apartment developments which have already received federal or state affordable housing tax credits in 2020 and 2021. The grants will be provided to apartment ...
(The Center Square) – Federal home improvement grants worth $5.3 million went out this week to eight counties in Pennsylvania's rural northern tier. The HOME Investment Partnerships Program ...
The Home Investment Partnerships Program (HOME) – This HUD program provides grants to state and local governments that can be used to create affordable housing options for low-income households ...