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In the Phoenix area, which is among the 10 metros facing the most severe affordable housing shortages, only 20 rentals are available for every 100 extremely low-income renters, according to the ...
The remaining 25% earn between 30% and 60% of the area median income. Various housing projects are targeted to specific populations. [3] For example, Cate Apartments in the Greenwood-Phinney neighborhood of Seattle provides transitional housing for homeless families and for the
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 ...
They were replaced on AHA land by private-public ventures of mixed-use, mixed-income communities modeled on Centennial Place, with a portion of units reserved for former public housing tenants. The first HOPE VI mixed-income community (where public housing was a component) was Phase I of Centennial Place, which closed on March 8, 1996. [7]
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In 2005, entrepreneur Dallas Tanner and several others formed the housing and apartment investment company Treehouse Group in Arizona. [5] Between 2010 and 2011, it bought 1,000 distressed houses in Phoenix, Arizona, a city heavily impacted by foreclosures caused by the subprime mortgage crisis [2] and one of the first areas where private equity investor purchases of homes for rent took place ...
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