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CONCORD — State Secretary of Housing and Livable Communities Edward Augustus Jr. is touting Gov. Maura Healey's Affordable Housing Act as a way to help low- to middle-income earners find a place ...
The Affordable Homes Act is our plan to address the housing shortage by boosting housing production across all income levels with a robust set of big, bold but achievable policy proposals.
Compounded with the effects of the Great Recession, this led to a national housing crisis, with market-rate rents becoming unaffordable to middle- and lower-income families in many major American cities. LISC offices responded to the crisis by working to preserve affordable housing and prevent displacement. [41] [42] [43]
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. [55] 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.
The Copper Way Apartments are funded with money raised by the Maureen Howard Affordable Housing Act. 250+ units of affordable housing open in Pierce County. ‘We’re just getting started’
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.