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Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
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.
Community Housing Development Organizations (CHDOs) – In this type of activity, governments provide funds to non-profit organizations that provide housing to impoverished or low-income families, including building housing projects similar to public housing projects, housing for the homeless, and developing affordable housing communities ...
The president wants to increase the number of tax credits available for low-income housing developers and approve a $20 billion innovation fund for affordable housing expansion.
And that is why they oppose a plan by nonprofit developer MHT Housing to build over 200 units of all-affordable housing — including transitional housing for aged-out foster kids — on a six ...
Mercury News’ investigation found two developers of deed-restricted middle income housing have spent $610,000 lobbying legislators to prevent requirements that would have required rents on these ...