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(The Center Square) – A report by the Florida Legislature's research arm found that an affordable housing grant program aided more than 9,000 families in obtaining a house from 2018 to 2020.
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.
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The San Diego Housing Commission currently owns 2,221 affordable housing units and plans to expand that number in the future to meet the growing demand. [60] In 2009, the San Diego Housing Commission implemented a finance plan that created 810 more units of affordable rental housing through leveraging the equity of its owned properties.
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Jacksonville Housing Authority unit overlooking Klutho Park. The Jacksonville Housing Authority (JHA) is the quasi-independent agency responsible for public housing and subsidized housing in the city of Jacksonville, Florida. Until 1994, a city department had direct responsibility for public housing and Section 8 (housing). The Mayor and City ...
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The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...