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Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
In the spirit of settling the wild, wild West, some communities are giving away free land lots. What's the catch? You have to agree to build a house (or park a mobile home) and live in it.
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.
Cottage, a small house. In the US, a cottage typically has four main rooms, two on either side of a central corridor. It is common to find a lean-to added to the back of the cottage, which may accommodate the kitchen, laundry, and bathroom. In Australia, it is common for a cottage to have a verandah across its front. In the UK and Ireland, any ...
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Free land, costly homes. The idea stretches back to the Homestead Act of 1862: Spur economic growth in rural America by giving away free land to those who will make good use of it.