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The Saint Rita Apartments were constructed in 1916. When constructed, the building contained 24 luxury apartments. [3] The building was designed by Harry Stevensen and owned by Robert S. Brown. [4] By 1990, the apartment building had been converted into subsidized housing.
Tenement Address Contact Forest Park Apts. 1331 East Canfield, 48207 (313) 833-3590 Riverbend Towers 4386 Conner Ave., 48215 (313) 926-8702 Sheridan Apartments I & II
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
Top 10 Best and Most Affordable Suburbs for Homebuyers. Schaumburg is the US’s most populous incorporated village and is also home to plenty of entertainment and dining options with 3.7 ...
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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.