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Residents may be aged 65 or older. HCHA completed its plans for the project in April 2015. The complex began taking occupants in May 2017, and completion was scheduled by fall 2017. Prior to the development of the complex, residents of area subdivisions expressed opposition to the addition of low income housing in their areas.
TSAHC issues tax-exempt multifamily private activity bonds to finance multifamily rental housing projects that meet one of the following priorities: 1) at-risk preservation and rehabilitation, 2) rural and smaller urban markets, 3) senior and supportive housing developments, or 4) disaster relief housing. [8]
The Texas Department of Housing and Community Affairs (TDHCA) is the state's lead agency responsible for homeownership, affordable rental housing, community and energy assistance programs, and colonia activities serving primarily low income Texans. The Manufactured Housing Division of TDHCA regulates the manufactured housing industry in Texas.
Texas also has a lower median household income compared to the national median. In Texas, the median household income between 2017 and 2021 was $67,321, and $74,580 nationwide in 2022.
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 ...
Income limits this year to qualify for the homes to be built by Permanently Affordable Living equate to $74, 320 for a single person and $106, 160 for a family of four at the low end of the range ...