HUD Updates Demographic Data on Residents of Housing Credit Developments

HUD has published its third annual report on demographic and economic data for people living in properties financed by the Housing Credit. In 2014, the median annual income of residents was $17,152 and approximately 47 percent of tenants earned 30 percent or less of the area median income. The data also show that roughly 28 percent of Housing Credit apartments provide housing to families with children, roughly 26 percent provide housing to the elderly and nearly 10 percent provide homes to people with disabilities.

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