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The project was the first to receive funding from Pierce County’s Maureen Howard Affordable Housing Fund since the new sales tax was passed in 2023. ... the units are for rent at 60% of Area ...
In Pierce County, more than 43,000 households spend over half of their income on housing. | Op-ed by Amanda DeShazo and Darin Davidson
THA has built a new mixed-income neighborhood of about 1,400 dwelling units, both single-family homes for sale and apartments for rent. THA used three homebuilders: Quadrant Homes, D.R. Horton and Tacoma-Pierce County Habitat for Humanity. The community includes two 55 unit buildings that are reserved for seniors.
Property values went up 6.2% last year in Pierce County, ... Some Pierce County seniors and low-income people qualify for property-tax exemptions. The application opens Feb. 1, 2025.
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
The supplements make up the difference between rental "market price" and the amount of rent paid by tenants, for example 30% of the tenants income. A notable example of a rent supplement in the United States is Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f).