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In 1936, the Louisiana Legislature passed the Housing Authority Act, allowing for the creation of the Housing Authority of New Orleans and paving the way for the city to participate in the national low-rent housing program. Some of the first developments broke ground between 1938 and 1940 over slums and old stores in the Tremé and Uptown area ...
It is the largest Federal block grant to states and local governments designed exclusively to create affordable housing for low-income families, providing approximately US$2 billion each year. [ 2 ] The program is commonly referred to as the Home Investment or Home Partnership Program, and is often operating in conjunction with other housing ...
Lafitte was constructed in 1940 and opened in August 1941 with 896 units housing 3,000 tenants. It was one of the first housing projects for African Americans in Louisiana. During its early years, it was labeled as the largest and finest U.S. Housing Authority low-rent project in the South.
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 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 ...
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