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Kentucky Housing Corporation was created in 1972 as a state housing finance agency by the General Assembly under the Mae Street Kidd Act with a $150,000 appropriation. In 1973, KHC originated its first bond issue totaling $51.2 million and received its first allocation from the United States Department of Housing and Urban Development (HUD) for 623 Section 8 New Construction units totaling $1. ...
In other words, if say HUD determines that a local area's median income is $25,000, then the HOME funds awarded in that area should only benefit those families with incomes less than, or equal to, 80% of $25,000 (or $20,000). HUD publishes the area median incomes plus the 80% income limits every year in its website.
The Louisville Metro Housing Authority is the government agency in Louisville, Kentucky that is charged with providing affordable housing and financial aid to homeowners and renters. It was formed in 2003 from the merger of the Housing Authority of Louisville and Jefferson County Housing Authority.
The idea of a department of Urban Affairs was proposed in a 1957 report to President Dwight D. Eisenhower, led by New York governor Nelson A. Rockefeller. [3] The idea of a department of Housing and Urban Affairs was taken up by President John F. Kennedy, with Pennsylvania Senator and Kennedy ally Joseph S. Clark Jr. listing it as one of the top seven legislative priorities for the ...
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The Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.
Clarksdale was occupied from 1939 to late 2004. It was the first public housing complex built in the city, and up until its demolition, completed in 2005, it was the largest public housing project in the state of Kentucky. It consisted of 58 two- and three-story buildings.
www.hud.gov The United States secretary of housing and urban development (or HUD secretary ) is the head of the United States Department of Housing and Urban Development , a member of the president's Cabinet , and thirteenth in the presidential line of succession .