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Monthly rent payments often consume a significant portion of household income, with many Americans spending more than 30 percent of their earnings on housing costs. As rental prices continue to ...
The Jeffersonian Apartments—currently branded as “The Jefferson”—is a large apartment building at 9000 East Jefferson Avenue, on the near-east side of Detroit, Michigan. Built in 1965, primarily of glass and steel in the international architecture style, it is one of Detroit's tallest residential buildings -- standing 30 stories with ...
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 ...
The supplements make up the difference between rental "market price" and the amount of rent paid by tenants, for example 30% of the tenants income. A notable example of a rent supplement in the United States is Section 8 of the Housing Act of 1937 ( 42 U.S.C. § 1437f ).
The Sterling Group acquired the old Joe Louis Arena site from one of Detroit's 2013-14 bankruptcy creditors, bond insurer Financial Guaranty Insurance Co., through a complex $14.1 million deal ...
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