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Federal Way is a city in King County, Washington, United States and part of the Seattle metropolitan area. One of the most recently incorporated cities in the county, [ 6 ] its population was 101,030 at the 2020 census . [ 4 ]
Vice President Kamala Harris' housing proposal could shake up the market. Her plan includes $40 billion to build 3 million new homes, prioritizing affordable options like townhomes, duplexes and ...
West Hill—Located on the West Hill, bordered by the city of Federal Way to the west. South Auburn—A general area located south of downtown, once a low-income area but becoming a commercial zone. Terminal Park—An area of middle class housing near the end of the rail yard named for the railroad workers who lived there.
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 Federal Government provides funding to communities to support homeless assistance programs. The Department of Housing and Urban Development (HUD) is the largest source of Federal funds, providing $2.6 billion combined via the Continuum of Care (CoC) program and Emergency Solution Grant program alone in 2019. [73]
In 1935, Colonial Village in Arlington County, Virginia, was the first large-scale, rental housing project erected in the United States that was Federal Housing Administration-insured. [10] During World War II, the FHA financed a number of worker's housing projects including the Kensington Gardens Apartment Complex in Buffalo, New York. [11]
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