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There was a concern in the 1970s that residential housing construction was declining as people moved from New York City to the suburbs. [8] In response to this trend, the state passed the original 421-a tax exemption program in 1971, with the goal of encouraging the construction of more residential housing in the city. [9]
To add greater consistency to the benchmarking, measuring, and reporting of construction project costs, International Construction Measurement Standards [14] were published in July 2017. The coalition for International Land Measurement Standards – aiding consistency of interpretation and documentation of tenure – launched in June 2016.
A value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home. An index above 100 signifies that family earning the median income has more than enough income to qualify for a mortgage loan on a median-priced home, assuming a 20% down payment and a qualifying ratio of 25%.
When it comes to affordability, Hartford's average home price of $178,696 is hard to beat. In 2023, The city's average mortgage rate of 6.5% was one of the lowest among the top markets.
An index over 100 signifies that family earning the median income has more than enough income for a mortgage loan on the median-priced home (assuming they have a 20 percent down payment). [30] For example, a composite HAI of 120.0 means a family earning the median family income has 120% of the income necessary to qualify for a conventional loan ...
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The hide was an English unit of land measurement originally intended to represent the amount of land sufficient to support a household. It was traditionally taken to be 120 historical acres or 48 acres (19 hectares), but was in fact a measure of value and tax assessment, including obligations for food-rent (feorm), maintenance and repair of bridges and fortifications, manpower for the army ...
This 1988 BLM map depicts the principal meridians and baselines used for surveying states (colored) in the Public Land Survey System. The Public Land Survey System (PLSS) is the surveying method developed and used in the United States to plat, or divide, real property for sale and settling.