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Beginning in January 2006 a minimum SEER 13 was required. [5] The United States requires that residential systems manufactured after 2005 have a minimum SEER rating of 13. ENERGY STAR qualified Central Air Conditioners must have a SEER of at least 14.5. Window units are exempt from this law so their SEERs are still around 10.
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.
A tax credit of up to $500 is available to individuals for nonbusiness energy property, such as residential exterior doors and windows, insulation, heat pumps, furnaces, central air conditioners, and water heaters. a. The credit varies depending on the type of improvement. b. There is a lifetime credit of $500. c.
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The president wants to increase the number of tax credits available for low-income housing developers and approve a $20 billion innovation fund for affordable housing expansion.
The San Diego Housing Commission currently owns 2,221 affordable housing units and plans to expand that number in the future to meet the growing demand. [60] In 2009, the San Diego Housing Commission implemented a finance plan that created 810 more units of affordable rental housing through leveraging the equity of its owned properties.