Remove Income Remove Profitability Remove Renovating Remove Retail
article thumbnail

3 affordable housing projects that serve as social catalysts

BD+C

Eleven million people in this country are paying more than half of their income for rent, and these are low-income people,” says Richard Burns, CEO of the NHP Foundation, a national not-for-profit provider of affordable housing. Affordable housing is housing built for people who earn 80% or less of the area median income (AMI).

Housing 111
article thumbnail

Location Focus: Illinois – Trying to Make Headway in Every Way

Business Facilities

David Roeder, spokesman for the Illinois DCEO, explains that potential investments “could mean a lot to early stage companies, and more importantly could turn into an ownership stake in those companies that the state could sell at a profit.”. The budgeted renovations amount to more than $13 million. Quinn said.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Pennsylvania Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

High Performance Building Program (HPB): (newpa.com/hpb) Provides financial assistance in the form of grant or loan funds that will be used by eligible applicants to underwrite the cost premiums associated with the design and construction or major renovation of high performance buildings in the Commonwealth.

article thumbnail

New York Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Commercial District Revolving Loan Trust Funds: ESD has capitalized over $600,000, making funds available to five community-based corporations to administer and make loans to small retail and service businesses in their service areas. The two primary forms of assistance are: Working capital loans of up to $15,000 for up to five years.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan. The rates range from $.25

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

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.

Income 75
article thumbnail

When office-to-residential conversion works

BD+C

Office buildings are worth more” than residential as income generators, she explains. This zoning provides opportunities to create a profitable development.” For now, Perkins Eastman continues to help clients identify properties that can still be profitable within the challenging economic parameters that conversions present.