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(The Center Square) – A report by the Florida Legislature's research arm found that an affordable housing grant program aided more than 9,000 families in obtaining a house from 2018 to 2020.
Florida’s red-hot housing market, which has seen prices soar since 2020, may be entering a cooler phase that could benefit prospective homebuyers, according to a new real estate data analysis. A ...
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.
In April of 2023 Florida passed more legislation (SB 102 [9]) aimed at providing more Floridians with affordable housing through the use of "incentives, tax breaks, and $811,000,000 in funding". [10] The law also cemented in place that it is no longer required for locations approved for affordable housing construction to be rezoned from ...
New York City has a shortage of affordable housing resulting in overcrowding and homelessness. New York City attracts thousands of new residents each year and housing prices continue to climb. Finding affordable housing affects a large portion of the city's population including low-income, moderate-income, and even median income families. [62]
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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 ...
Since 2001, GOP lawmakers and governors have diverted more than $2 billion in tax dollars assigned to creating affordable housing and spent it on other things. Not this year.