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Cottages at Back River Road, 44 small, affordable homes in Dover, NH, welcomed its first tenants Thursday. Cottages in Dover open for tenants. Dream of small, affordable homes becomes a reality.
The 60 one-bedroom apartments planned for Doylestown complex won't be constructed until 2025. Doylestown Township approves low-income senior housing. Here's the plan
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
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 ...
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.
There may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. Reuters 1 month ago US single-family housing starts surge; permits up slightly