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2. More affordable apartments possible for Chapel Hill. Here’s ...

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   The housing must remain affordable to someone earning up to 60% of the AMI for Orange County for 30 years. The limit is 80% of AMI for projects that offer housing for sale.

3. Nearly 850 apartments greenlit in Durham. Here’s where the ...

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   3.5% (15 apartments) will be rented at affordable rates to those making 60% of the area median income. This promise lasts 10 years. Developed by H.M. Partners, based in Raleigh.

4. Affordable housing in the United States - Wikipedia

   en.wikipedia.org/wiki/Affordable_housing_in_the...

   The term "affordable housing" refers to housing that is considered economically accessible for individuals and families whose household income falls at or below the Area Median Income (AMI), as evaluated by either national or local government authorities through an officially recognized housing affordability index. [3]

5. Affordable housing - Wikipedia

   en.wikipedia.org/wiki/Affordable_housing

   The ad valorem property tax policy combined with rising prices made it difficult or impossible for low income residents to keep pace. [60] Lack of affordable housing places a particular burden on local economies. As well, individual consumers are faced with mortgage arrears and excessive debt and therefore cut back on consumption.

6. Low-Income Housing Tax Credit - Wikipedia

   en.wikipedia.org/wiki/Low-Income_Housing_Tax_Credit

   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.

7. KC breaks ground on new affordable apartments off Troost ...

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   According to the construction bid, units will be for residents living at or under 60% of the area median income, which in Kansas City is $43,320 for one person, and $61,860 for a family of four ...