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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 ...
Feb. 9—Maine needs 25,000 more affordable homes, but even when it builds new housing, the elderly and others who need it most cannot afford it, the head of an affordable housing agency said on ...
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.
Maine has the thirty-fourth highest per capita income in the United States of America. In 2000, the state's average personal per capita income was $26,699. By 2003, that figure had risen to $29,851. By 2011, it was $38,299 [1]
The 2024 Measures of Growth report, released on Wednesday by the Maine Economic Growth Council and Maine Development Foundation, ranked the Pine Tree state's economic health based on factors ...
Biddeford was the eastern terminus of the now-defunct New England Interstate Route 11, which ended in Manchester, Vermont. State Route 111, which travels through Biddeford's main commercial corridor, is now numbered in Old Route 11's place. Biddeford Municipal Airport is located two miles south of the central business district.