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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 definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
The 421-a tax exemption is a property tax exemption in the U.S. state of New York that is given to real-estate developers for building new multifamily residential housing buildings in New York City. As currently written, the program also focuses on promoting affordable housing in the most densely populated areas of New York City. The exemption ...
Altus (/ ˈ æ l t ə s /) is a city in and the county seat of Jackson County, Oklahoma, United States. [5] The population was 18,729 at the 2020 census. [6] Altus is home to Altus Air Force Base, the United States Air Force training base for C-17, KC-46 and KC-135 aircrews. It is also home to Western Oklahoma State College and Southwest ...
Altus (/ æ l ˈ t ɪ s / AL-tiss) is a city in Franklin County, Arkansas, United States. Located within the Arkansas River Valley at the edge of the Ozark Mountains , the city is within the Fort Smith metropolitan area .
The host unit at Altus AFB is the 97th Air Mobility Wing (97 AMW), assigned to the Nineteenth Air Force (19 AF) of the Air Education and Training Command (AETC). The wing's mission is to provide C-17 Globemaster III , KC-135 Stratotanker and KC-46 Pegasus formal initial and advanced specialty training programs for up to 3,000 flight crew and ...