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In an effort to stem the affordable housing problem, cities like Cambridge and Somerville are exploring giving tenants a legal right to purchase the homes and apartments they are renting when owners go to sell them on the open market. The concept is a “right of first refusal” which would ...
a few blocks north of Sky Harbor International Airport. It will use repurposed shipping containers to create 40 individual transitional units for unhoused people 55 and older, and around 65 permanent affordable apartments for tenants of the same age with 30% or less than the area ...
• Of the 39 apartments, 29 of them would be rent-controlled units through the state’s affordable housing credit program. That program will require people who rent those units to earn 60% or less of the area’s median income. The other 10 apartment units...
HUD Section 8 vouchers are a type of housing subsidy. They are coupons given directly to no-income and low-income renters who use them to pay part or all of their rent to participating landlords. Housing options are not limited to subsidized housing, and can include:Apartments Single family...
This is all provided to low-income residents at a rental payment that they can afford. If you’re looking for low-income housing for rent, you should understand how the income limit will vary from one region to the next. You might also lookhereat the income limits. Low housing can make...
COLUMBUS, Ohio (COLUMBUS BUSINESS FIRST) — Columbus-based affordable housing developer Woda Cooper recently completed 62 units near Easton Town Center. The $15.4 million project, dubbed Wendler Commons, offers mainly two-bedroom units, but also has one-
Under the most profitable use of the City’s mix-and-match affordable housing ordinance, developers can rent 87% their units at the “middle-income affordable” rate (today that means one-bedroom apartments for $2,576/month and studios for $2,254). The other 13% would be rented at the...
“For every 10 of the lowest-income renters, there are fewer than four apartments that are affordable and available to them,” Diane Yentel, president and CEO at the National Low Income Housing Coalition, told HuffPost. The pandemic has exacerbated the situation. More than 40% of low- and ...
Eight years ago, Santa Clara County had less than 300 affordable apartments that served homeless individuals with disabilities. Thousands of homes have been built since then due to an affordable housing bond measure.