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In 1996, The Atlanta Housing Authority (AHA) created the financial and legal model for mixed-income communities or MICs, that is, communities with both owners and renters of differing income levels, that include public-assisted housing as a component. This model is used by the U.S. Department of Housing and Urban Development's HOPE VI ...
The Atlanta Housing Authority (AHA) is an agency that provides affordable housing for low-income families in Atlanta. Today, the AHA is the largest housing agency in Georgia and one of the largest in the United States, serving approximately 50,000 people.
State Capitol Homes (aka "Capitol Homes") was completed on April 7, 1941 and designed to serve black families in low-rise housing. [2] The 694 units demolished in 2003 were replaced by Capitol Gateway, which includes 1,000 units of housing for various income levels.
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The highest incomes to be considered middle class are in Hawaii, at $82,630, and then New York and Washington, D.C., where the minimum middle class annual income is $81,396.
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.