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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.
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 ...
The tax relief helps incentivize affordable housing developments that otherwise may not be feasible. Of the 10,000 units built or preserved, 6,115 are completed and 3,898 are under construction.
Real estate economists analyze supply, demand, and pricing in real estate. Real estate economics is the application of economic techniques to real estate markets.It aims to describe and predict economic patterns of supply and demand.
The Affordable Connectivity Program (ACP) was a United States government-sponsored program that provided internet access to low-income households. [1] Several companies signed on to participate in the program, including Verizon Communications , Frontier Communications , T-Mobile , Spectrum , Cox , AT&T , Xfinity , Optimum and Comcast .
In these 10 cities, from Cleveland, Ohio, to Chicago, Illinois, a high-value home can be yours for under $300,000. Here's what's drawing home buyers to these markets.