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Rents in Fresno, Calif. But the residents leaving Fresno continue to outweigh those coming in. Construction of homes in Fresno nearly screeched to a halt after the Great Recession and remains stalled, even though, before the pandemic, the region was growing faster than others in the state, fueled in part by a booming healthcare sector.
cities where single renters are paying the greatest and smallest portion of their incomes for rent on studio apartments A recent report from Moody’s Analytics shows that the typical American renter is rent burdened, meaning they spend 30% or more of their income on rent, and that affordability crisis is even worse for single renters.
INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.
Trust Neighborhoods has created a new, innovative approach to tackle affordable housing: the Mixed-Income Neighborhood Trust, or MINT, that owns and operates a portfolio of rental housing under community control to maintain permanent affordability. Four MINTs now operate in Boston, Fresno, KC, and Tulsa.
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