What is section 42 housing?

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What is Section 42 - Answers.com

What is Section 42?The Tax Credit Reform Act of 1986 created the Low Income Housing Tax Credit Program (LIHTC). Go. Log In Sign Up. ... What is Section 42?

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Answer:

Section 42 Housing is low income housing, the projects. It comes from section 42 of the Fair Housing...

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Answer:

i have no idea

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Section 42 Housing in Minnesota

Provide a list of names and addresses of Section 42 tax credit housing developments in Minnesota.

Answer:

Hi there! Our search returned the following results: Firstly, here is an in-depth set of documents...

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Do I qualify for Section 42 Housing?

I'm a single, non-disabled, non-college student, currently working for a nonprofit. My wage is $12/hr. Would I qualify for section 42 housing?

Answer:

What country is Section 42 housing? In the US we call it Section 8. If you make $12 an hour in the US...

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Can I qualify for homestead on section 42 housing?

I live in Section 42 housing, my rent is $650 a month, the rent goes by income. There are 76 units in the complex and each unit has a percentage rate. Your income determines the amount of rent the tenant pays. The manager filled out a rent certificate...

Answer:

You can't homestead a rental.....The Homestead Act is for people that own or are buying their property...

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Will I get kicked out of section 42 housing if I have an increase in income only 4 months into my lease? Could they charge me market value?

I have 8 months left on my lease and I have had an increase in income. I believe this increase to be over the 140% required to reside in the low-income housing. I don't want to ...show more

Answer:

It all depends on what is written in your lease. If your lease clearly states the amount of rent you...

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Can someone explain what tax credit apartments are? Or section 42 apartments?

We are applying for low-income housing. The manager told us the apartments were section 42 apartments. But I thought section 42 was for purchasing your own home, not for rentals or investors. I have tried looking on-line, but tax jargon is not my strong...

Answer:

You're right-the tax credit is for the owner,( but not for your principle residence.) however there...

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Isn't it too bad that SSI and section 8 housing are abused? I'm upset they are!?

SSI and section 8 housing should go to disabled people who need it. I have tried to collect SSI and have been turned down. I was told that there is a 10 year waiting list for section 8 housing in my area. Unfortunatley an acquantance of mine got a 1...

Answer:

Well, If you have not turned her in you are part of the problem. When people break the law, those who...

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Question about "Section 8" and other subsidized housing

I've had some interesting encounters with people living in subsidized housing. It's made me question the way we help people in this country. For instance, there are some low-functioning adults living in my apt building. The units are co-ops, and clearly...

Answer:

Greetings, pcventures-ga! This is a tough question and yes it is somewhat subjective but I will try...

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