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Ohio has a shortage of 267,382 rental units for people who need affordable housing, with only about a fourth of extremely low income families or individuals able to get housing in Columbus ...
August 7, 2024 at 1:26 PM. A new affordable housing community is coming to Franklinton in 2026. The Columbus Metropolitan Housing Authority (CMHA) on Tuesday announced its plans to create a rental ...
Columbus, the capital city of Ohio, has a history of social services to provide for low- and no-income residents. The city has many neighborhoods below the poverty line, and has experienced a rise in homelessness in recent decades. Social services include cash- and housing-related assistance, case management, treatment for mental health and ...
The planned three-story building will have 22 apartments for residents earning below 80% of the Columbus area median income, which is $55,550 for a single-person household.
A Regional Housing Trust Fund also exists for Ohio's Columbus and Franklin Counties and for Sacramento County and City in California. Ohio's Regional Trust also receives funding from General Funds as well as from Hotel/Motel Taxes. Sacramento's Fund is supported by impact fees assessed by the regional redevelopment authority that administers ...
v. t. e. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [ 1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of ...
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