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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.
The Consolidated Appropriations Act, 2021 is a $2.3 trillion [1] spending bill that combines $900 billion in stimulus relief for the COVID-19 pandemic in the United States with a $1.4 trillion omnibus spending bill for the 2021 federal fiscal year (combining 12 separate annual appropriations bills) and prevents a government shutdown.
The Costa–Hawkins Rental Housing Act ("Costa–Hawkins") is a California state law enacted in 1995, placing limits on municipal rent control ordinances. Costa–Hawkins preempts the field in two major ways. [1] First, it prohibits cities from establishing rent control over certain kinds of residential units, such as single-family dwellings ...
Khydeeja Alam, executive director of the California Commission on Asian and Pacific Islander American Affairs, poses for a portrait Aug. 30, 2024, as one of this year’s AAPI Change Makers.
Construction on the 19.3 acre campus began in 2021, the tower topped out in mid-2024, and the center is expected to open in the first half of 2026. [ 4 ] [ 5 ] [ 6 ] The center's work includes digitizing the Barack Obama Presidential Library with the National Archives and Records Administration (NARA), to create the first fully digitized ...
With an annual budget of $4.5 million, SHSC and its two subsidiaries, SOHO and SHSC Financial Inc. offers a dedicated insurance program for social housing providers, bulk gas purchasing and an innovative energy efficiency retrofit program that coordinates energy audits, expertise, funding, bulk purchasing of energy-efficient goods, training and ...
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