Subsidy
The government can provide a subsidy to developers to lower their operating costs in exchange for a certain type of less profitable developemnt, such as affordble housing.
Developer
Developers obtain property for projects and plan and execute the project, from financing to construction. Sometimes they also own and manage the property, or they can sell it to another…
Section 8
The Housing Choice Voucher program, also known as Section 8, is a federally funded program providing vouchers to low-income renters to subsidize their housing costs in privately owned buildings. This…
421a
421-a is a program established in 1971 that offers a property tax exemption to as a general incentive to develop housing. The program has been modified a number of times;…
