Although more than 36 percent of the state lives in rural areas, only 20 percent of the four percent credits are awarded there. The report noted that this finding was expected, as these projects tend to be large-scale and poorly suited for small communities.…
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Small Rental Development Initiative
The poll of municipal leaders found that 68 percent of respondents believed that housing affordability was a major concern in their towns and villages. Affordable housing is generally defined as housing (either owner-occupied or rental) for which the occupant is paying no more than 30 percent of gross income for housing costs, including utilities.…
