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Apr. 3—OLYMPIA — The Department of Commerce this week announced $19.8 million in awards to 31 applicants to preserve 873 affordable housing units through the Housing Preservation Program.
The money for housing construction has helped, according to the Department of Commerce. On average, around 24,100 units were built in Washington every year between 2011 and 2015.
The Housing Advisory Plan was issued by the Washington State Affordable Housing Advisory Board. Of those million-plus new dwellings, ... Grant, Adams counties need more housing, Department of ...
Housing trust funds are established sources of funding for affordable housing construction and other related purposes created by governments in the United States (U.S.). Housing Trust Funds (HTF) began as a way of funding affordable housing in the late 1970s. Since then, elected government officials from all levels of government ( national ...
The Community Development Block Grant ( CDBG ), one of the longest-running programs of the U.S. Department of Housing and Urban Development, funds local community development activities with the stated goal of providing affordable housing, anti-poverty programs, and infrastructure development. CDBG, like other block grant programs, differ from ...
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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