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A goal that stretched more than five years is headed toward reality as the city of Ames prepares to build nearly 40 low-income housing units near the Iowa State University campus.. The city is ...
The program will provide housing developers with awards of up to $50,000 per housing unit to build single-family or multi-family housing for sale or to be rented and used as a permanent residence.
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
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.
The $3.75 million grant comes from the U.S. Department of Housing and Urban Development's Pathways to Removing Obstacles to Housing program, also known as PRO. Iowa City is one of 21 communities ...
The American System-Built Homes were modest houses in a series designed by architect Frank Lloyd Wright.They were developed between 1911 and 1917 to fulfill his interest in affordable housing but were sold commercially for just 14 months.