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Visit the website of the National Low Income Housing Coalition, which provides a state-by-state list of the 360-plus programs that provide assistance to struggling renters.
And New Mexico's Medicaid program is preparing to launch a $16.4 million, five-year pilot program to offer respite housing to homeless people when they're recovering from a hospital stay. That ...
The Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.
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 ...
At 332 units, Arcadia would be the second-largest apartment project on one property in Santa Fe, behind 355-unit Madera Apartments under construction on South Meadows Road near N.M. 599.
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.
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