Greystone and HAND Housing Partner to Bring Affordable Housing Financing Solutions to BIPOC Developers in Mid-Atlantic Region multifamilybiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from multifamilybiz.com Daily Mail and Mail on Sunday newspapers.
This week, April 5-9th, is National Community Development Week. It’s an opportunity for residents to learn more about the many ways that local governments partner with non-profits and foundations to help vulnerable individuals and families in our community overcome challenges by finding affordable places to live, improving their neighborhoods, and preventing homelessness.
Each year, the city receives approximately $5 million in federal grant funds from the Department of Housing and Urban Development. The funds come from the Community Development Block Grant (CDBG), HOME Investment Partnership (HOME), and Emergency Solutions Grant (ESG) programs. In 2020-2021, the City also received additional grant funding to respond to the widespread impacts of COVID-19. The grants are designed to be flexible, giving the community the opportunity to decide locally where the funds are needed most. Each year, the City’s Community Development Division engages in a robust stakeholder process to est
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In the Cape Fear Region, there aren’t many ways to get affordable units on the ground. But there is one federal program, the Low-Income Housing Tax Credit (LIHTC), that has.
What’s LIHTC & How Does It Work?
The Reagan-era initiative, run by the Internal Revenue Service, has been around since 1987. Since then, Wilmington developers have used the tax credits for about 43 rental projects, putting into service over 1,900 affordable units.
Here is a map of more recent LIHTC projects. Some critics of the program argue that these can be concentrated in one geographic location.
Credit Rachel Keith
Originally published on April 5, 2021 4:00 pm
The Housing Authority of Champaign County s newest affordable housing complex is 115 miles away from the next-nearest property it manages. Here s why the agency is setting up camp in Marshall County.
The new 30-unit Oak Field Place apartment complex offers affordable housing for seniors in Henry, a river town about an hour due north of Peoria.
So how did Champaign County s housing authority get involved in all this? That s a good question. We actually get asked that quite a bit, said Temeka Couch, the interim deputy director of the Housing Authority of Champaign County (HACC). The Housing Authority of Champaign County is a Moving to Work agency. So it allows us to think up innovative ways to create housing opportunities.
Biden s Infrastructure Plan Earmarks $213 Billion for Housing Here s How He d Spend It news8000.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news8000.com Daily Mail and Mail on Sunday newspapers.