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Folsom has one of the most severe affordable housing shortages in the Sacramento region. ... units of housing affordable to very low- and ... median income will be eligible for apartments in the ...
Rising rent has been a growing issue with Sacramento renters, where the typical rent for an apartment in the Sacramento region is higher than New York City and Washington D.C., a 2021 study found.
Local housing authorities were created following the 1 September 1937 signing by President Franklin D. Roosevelt of the Housing Act of 1937, sometimes called the Wagner-Steagall Act, which provided for subsidies to be paid from the U.S. government to local public housing agencies (LHA's) to improve living conditions for low-income families.
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 ...
North Highlands is a low-income residential housing area with some commercial and industrial regions around the former McClellan Air Force Base, now a civilian business center and airport called McClellan Business Park.
The California Housing Finance Agency (CalHFA), established in 1975, is an independent California state agency within the California Department of Housing and Community Development that makes low-rate housing loans through the sale of taxable and tax exempt bonds.
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