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cowperthwaite OP t1_iz37vct wrote

Reply to comment by Proof-Variation7005 in 'Affordable' apartment complex proposed for parking lot on Washington St. in Federal Hill by cowperthwaite

It's not owned by the government. It's subsidized through grants and low-interest financing, and the units will be deed restricted for 30 years as affordable.

However: Dude (tortankum) should have read the article. It's not behind a paywall. No reason not to.

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412gage t1_iz3d83n wrote

I think many people hear the term "affordable housing" without knowing what it means so they draw conclusions. Projects funded through the LIHTC program, in my state at least, are being built to very good quality for the tenants. Of course, it depends on the developers and the Agency processing the applications.

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