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Non-profit housing is owned and managed by private non-profit groups such as churches, ethnocultural communities or by governments. Many units are provided by community development corporations (CDCs). They use private funding and government subsidies to support a rent-geared-towards-income program for low-income tenants. [7] [8] [clarification ...
Father Panik Village was the first housing project located in Bridgeport, and the first in Connecticut.Ground was broken in 1939, and it opened as Yellow Mill Village.By 1936, Father Stephen Panik, a Slovakian priest, had enlisted the support of Mayor Jasper McLevy and Gov. Wilbur L. Cross to assist with finances through the Federal Housing Authority.
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
In terms of per capita income, Connecticut is the wealthiest state in the United States of America.As at 2019, Connecticut had a per capita income of $44,496. [1]Despite its high per capita income, Connecticut is still mainly a middle to upper-middle class state.
Seniors earning between 30% and 80% of the area median income will be eligible for apartments in the new building; that comes out to annual incomes of between $19,000 and $51,000.
Marina Village is a housing project located in Bridgeport, Connecticut. Marina Village was built in 1940 with support from the Bridgeport NAACP . [ 1 ] It is run by the Bridgeport Housing Authority and was developed as a result of the Housing Act of 1949 .