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Cornell Real Estate Review Volume 9Article 972011More Affordable Housing, But Where, and for Whom? A New Jersey Study revealing the Low Income Housing Tax Credits Impact, and the Ongoing Concentration
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More affordable housing units are housing units that are priced lower than market rate in order to make them more accessible to low and moderate-income individuals or families.
Developers or property owners who are subject to affordable housing requirements set by local, state, or federal regulations are required to file more affordable housing documents.
To fill out more affordable housing documents, developers or property owners must provide detailed information about the affordable housing units, including rental or sale prices, income restrictions, and compliance with applicable regulations.
The purpose of more affordable housing is to increase the availability of housing options for low and moderate-income individuals or families, and to promote economic diversity and inclusion within communities.
Information that must be reported on more affordable housing documents includes details about the affordable housing units, such as location, size, pricing, income restrictions, and compliance with regulations.
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