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The down payment can help fund new housing or the rehabilitation of a family's existing housing. [2] Building or rehabilitation of housing for rent or ownership – In this type of activity, HOME funds may fund the building of housing units that the government provides to low-income families. The families either pay a monthly rent or may ...
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.
Prop. 1 reconfigures the California Mental Health Services Act to redirect the majority of its funding from the counties to the state for building the facilities and housing for the chronically ...
The Partnership includes a $500+ million fund for subsidized affordable housing units in the Bay Area, as well as grants for local governments and community organizations to work together to pass local housing legislation that protects tenants and promotes affordability. [15]
President Reagan had requested the consolidation of 85 existing anti-poverty grants into seven categorical grants; Congress agreed to consolidate 77 grants into nine. The nine new block grants were budgeted about 25% less than the programs they replaced (Conlan, qtd. in [2]). The CSBG legislation was amended in 1998 by the Coats Human Services ...
Rules require that affordable housing built with federal grant money be accessible to people with disabilities. Los Angeles failed to do that, officials said. L.A. will pay nearly $40 million for ...