Download or read book Expiring Affordability of Low income Housing Tax Credit Properties written by Kate Collignon and published by . This book was released on 1999 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Low Income Housing Tax Credit written by Kovid Saxena and published by . This book was released on 2004 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Low Income Housing Tax Credit written by Yvette Daniels and published by Nova Science Publishers. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The low-income housing tax credit (LIHTC) program is one of the federal government's primary policy tools for encouraging the development and rehabilitation of affordable rental housing. These non-refundable federal housing tax credits are awarded to developers of qualified rental projects via a competitive application process administered by state housing finance authorities. Developers typically sell their tax credits to outside investors in exchange for equity. Selling the tax credits reduces the debt developers would otherwise have to incur and the equity they would otherwise have to contribute. With lower financing costs, tax credit properties can potentially offer lower, more affordable rents. The LIHTC is estimated to cost the government an average of approximately $7 billion annually. This book discusses LIHTC's fixed subsidy and variable rates; addresses the Internal Revenue Service's oversight of LIHTC; and how LIHTC administration and oversight compare with that of other tax credit programs.

Download or read book Income Averaging written by United States. Internal Revenue Service and published by . This book was released on 1985 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Using HOME with Low income Housing Tax Credits written by United States. Office of Affordable Housing Programs and published by . This book was released on 1997 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Low income Housing Tax Credit written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 1999 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Low income Housing Tax Credits and the Role of Tax Policy in Preserving the Stock of Low income Housing written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures and published by . This book was released on 1988 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Low income Housing Tax Credit written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Transportation and published by . This book was released on 2000 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Incentives for Affordable Housing written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures and published by . This book was released on 2009 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Credits written by United States. General Accounting Office and published by . This book was released on 1999 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Crs Report for Congress written by Congressional Research Service: The Libr and published by BiblioGov. This book was released on 2013-11 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Low-Income Housing Tax Credit (LIHTC) is an economic incentive to produce affordable rental housing. These federal housing tax credits are awarded to developers of qualified projects, who either use or sell the credits to investors to raise capital (or equity) for real estate projects. The tax benefit reduces the debt and/or equity financing that the developer would otherwise have to obtain. With lower financing costs, beneficiaries of tax credits can offer lower, more affordable rents. Proponents of the credit view the LIHTC as highly effective because of the more than one million rental units already financed by the credit. Proponents also emphasize that the credit is responsible for the production of up to 50% of all multifamily housing starts in any given year. Opponents argue that the LIHTC is not effective or, at a minimum, far less effective than supporters claim because LIHTC units have supplanted other affordable rental housing and because the supply-side credit program is more costly than demand-side subsidies like the Section 8 Housing Voucher Program. Opponents also argue that the LIHTC program does not serve very-low-income households, who are often most in need of affordable housing. As policy makers begin to address affordable-housing issues, modifications ...

Download or read book Evidence Matters written by and published by . This book was released on 2013 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Low income Housing Tax Credit Handbook written by and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "'Low-Income Housing Tax Credit Handbook' provides definitive guidance through the complex body of laws, regulations, and judicial decisions concerning the low-income housing credit (LIHC)"--

Download or read book Low income Housing Tax Credit written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures and published by . This book was released on 1989 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Rental Housing written by United States. General Accounting Office and published by . This book was released on 1990 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Credit Allocations and the Development of Affordable Housing written by Joe N. Savage and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The development of affordable housing for low-income households has been a major focus of federal housing policy. Aimed at addressing the housing needs of the most vulnerable households, federal housing policy has always been met with the challenge of meeting the most need with a limited amount of resources. The Low-Income Housing Tax Credit (LIHTC) program has attempted to bolster the development of affordable rental housing for low-income households through the allocation of tax credits. Both non-profit and for-profit entities participate in the LIHTC program as developers. State agencies that allocate credits have the responsibility of meeting the housing needs of low-income households while allocating the least amount of credits necessary to make a project feasible. The question raised in this research is: among for-profit and non-profit developers participating in Delaware's LIHTC program, which developer type incurs the least cost to the federal government? In terms of economic efficiency, the purpose of this question is to determine which developer type can deliver affordable rental units with the least tax credit allocation? The credits allocated constitute a cost to the federal government as a tax expenditure. Regression analysis results showed that non-profit status did not have a statistically significant relationship (p = 0.32) to the amount of tax credits allocated. Additional t-tests comparing mean total square feet and mean number of tax credit units, showed that for-profits are developing larger projects with a greater proportion of tax credit dedicated units and that these mean differences are significant (p = 0.009 and p = 0.032, respectively). The implications of these results for public policy reveal a need for new models upon which affordable housing policy is developed. The current model typically separates developers into two mutually exclusive categories based solely on non-profit status. This dichotomy separates non-profits from for-profits and portrays non-profits as less experienced and less efficient. This paper argues that such a dichotomy is incorrect in that it does not reveal the variety of organizational types that participate in the development of affordable housing. The existence of other developer types, such as those non-profits that operate on a large scale basis and reach production efficiency levels equivalent to that of for-profits, demonstrate the need for the development of an alternate, less mutually exclusive typology. It is within the context of this alternate typology that a new model for the design of housing policy must be developed. This paper also argues that a new model should also include cost-benefit considerations. The findings in this research do agree with the common assertion that the premium that is paid for projects developed by non-profit organizations is primarily due to the incorporation of social support amenities into their projects such as community centers. These social supports drive up total development costs and in turn increase the amount of tax credits necessary to make the projects feasible. Arguments favoring efficiency establish a preference for for-profit development which in many cases does not include the additional social supports. However, research has shown that housing with incorporated social supports is vital to the success of the household. Therefore, housing policy must move in a future direction in which the model upon which it is designed includes measures that weigh the social benefit outcomes of added social amenities against the costs to other social welfare systems in the absence of such amenities. The proposed new models mentioned in this research speak to the need for the continued evolution of affordable housing policies in a direction that not only seeks to get the most product out of a limited amount of resources, but to also maximize the social benefit outcomes so that households can maintain their housing.

Download or read book Multifamily Housing written by United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity and published by . This book was released on 2004 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: