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The building was converted into affordable apartments designed for senior living. It contains 18 one-bedroom units and 19 two-bedroom units, which went into service in 2006. Funding for the conversion was provided through the Federal Low Income Housing Tax Credit Program. [3]
Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1]
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Managed by the Oklahoma City Housing Authority, McGuire Plaza is home to older residents who regularly walk to Checkers Convenience Store for quick shopping and transportation from the bus stop there.
The down payment can help fund new housing or the rehabilitation of a family's existing housing. [2] Building or rehabilitation of housing for rent or ownership – In this type of activity, HOME funds may fund the building of housing units that the government provides to low-income families. The families either pay a monthly rent or may ...
But these flats are in Oklahoma City, and there could be more with OKC planners' approval. ... Senior Business Writer Richard Mize has covered housing, construction, commercial real estate and ...
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