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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 ...
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.
St. Anthony's Apartments, which provides housing with support services for homeless people and is now at risk of shutting down if it cannot raise money for major repairs, located at 10th and State ...
The Housing Act of 1937 created support for access to affordable housing nationwide and funding for local agencies. The Housing Authority of the City of Milwaukee (HACM) was established in 1944, and Parklawn became Milwaukee's first public housing development constructed by the Works Progress Administration (WPA).
All-In Milwaukee marked its fifth anniversary last year. The organization has ambitious fundraising plans to double the number of students it serves over the next five years to 1,000.
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