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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 ...
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.
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 ...
Chillicothe (/ ˌ tʃ ɪ l ɪ ˈ k ɒ θ i / CHIL-ih-KOTH-ee) [6] is a city in and the county seat of Ross County, Ohio, United States. [7] The population was 22,059 at the 2020 census . [ 8 ] Located along the Scioto River 45 miles (72 km) south of Columbus , Chillicothe was the first and third capital of Ohio .
Much of central Scioto Township is occupied by the city of Chillicothe, the county seat of Ross County, while some of the area that remains is occupied by the census-designated place of North Fork Village.
Ohio is the twenty-second-wealthiest state in the United States of America, with a per capita income of $21,003 (2000). [ 1 ] Ohio counties ranked by per capita income