Feb 23, 2021
The New Market Tax Credit Program – History & 2021 Revival
The latest relief bill includes several provisions to revitalize the real estate industry, among them tax incentive programs like the NMTC.
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Time range | <1950 | 1950-1989 | 1990-1999 | 2000-2015 |
---|---|---|---|---|
Number of properties | 52,101 | 79,507 | 10,918 | 12,593 |
Average household income | $56,384 |
White collar | 65% |
Blue collar | 35% |
Family households | 78.28% |
Households with kids | 31.97% |
Housing units | 245 |
Occupied housing units | 197 |
Owner occupied units | 78.28% |
Average number of people per household | 3 |
Median year structure built | 1970 |
Houses with motgage | 48.77% |
Median value for units with a mortgage | $81,800 |
Median value for units without a mortgage | $90,000 |
Median gross rent | $581 |
Median housing costs per month | $644 |
Population in poverty | 16.18% |
Name | Median Sale Price |
---|---|
Cleveland | $45,000 |
Phoenix | $260,000 |
Bridgeport | $158,500 |