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A drone view shows damage following Hurricane Helene, in Asheville, North Carolina, on Sept. 29. More than 3,000 families are eligible for the program's extension, according to FEMA.
Housing subsidies are government funded financial assistance programs designed to mitigate the costs of housing for low-income tenants. Subsidies can be provided in the form of housing vouchers given to tenants, e.g. Section 8 (Housing), or via direct deposits to landlords with government contracts to provide affordable housing.
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
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 county hopes to have the Elder Cottage Housing Opportunity program in use by the end of the summer. A new affordable housing option for seniors is coming to Centre County. How to apply
The cost of living in the U.S. just keeps going up and is expected to continue to rise in 2025. It's becoming increasingly important -- particularly for retirees living fixed incomes -- to reside...