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The program exists to help promote “safe, decent housing for older adults in rural areas.” The grants can be used to remove safety hazards and health concerns within the home and are geared ...
According to the National Association of Home Builders, the homeowners most likely to request “aging-in-place” projects are 65 and older, followed by those 55 to 64, who are planning ahead ...
Section 504 Home Repair Program – This program provides loans and grants to low-income and elderly homeowners, respectively, to help cover the cost of repairing or modernizing their single ...
The Administration on Aging (AoA) is an agency within the Administration for Community Living of the United States Department of Health and Human Services.AoA works to ensure that older Americans can stay independent in their communities, mostly by awarding grants to States, Native American tribal organizations, and local communities to support programs authorized by Congress in the Older ...
The CDBG program was enacted in 1974 by President Gerald Ford through the Housing and Community Development Act of 1974 and took effect in January 1975. Most directly, the law was a response to the Nixon administration's 1973 funding moratorium on many Department of Housing and Urban Development (HUD) programs.
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.