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Houses in Bisbee, Arizona, in 1990. Housing in Arizona takes a variety of forms, from single-family homes to apartment complexes. Arizona had a homeownership rate of 62.6% in 2017. [1] Issues related to housing in Arizona include homeownership, affordable housing, housing insecurity, zoning, and homelessness.
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 ...
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 ...
Many in Arizona's retirement communities are bracing for potential economic shifts under President Trump's policy blueprint. ... Residents of Oro Valley have a better than average income for ...
First Prescott Courthouse, c. 1885 "Execution of a soldier of the 8th Infantry in Prescott, Arizona 1877" is the caption. In fact, it is the execution of Private James Malone of Company K 12th US Infantry in Prescott Arizona March 15, 1878, for his part in a January 1876 murder. [12]
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.