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Author: Publisher: ISBN: 9781731929877 Category : Public housing Languages : en Pages : 0
Book Description
"'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)"--
Author: Publisher: ISBN: 9781731929877 Category : Public housing Languages : en Pages : 0
Book Description
"'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)"--
Author: Mark Shelburne Publisher: American Bar Association ISBN: 9781627226189 Category : Federal aid to housing Languages : en Pages : 0
Book Description
This book is intended for professionals who are beginning the process of learning about the federal low-income housing tax credit ("Housing Credit," also known as LIHTCs). Even the most capable student cannot obtain a working knowledge by reading one, or even several publications on the subject. The rules and practices are too complex, particularly for compliance. But every journey starts somewhere, and this book will help with your first application/allocation/closing/property--whichever role brings you to this industry.
Author: U. S. Department of Housing and Urban Development Publisher: ISBN: 9781304170835 Category : Languages : en Pages : 163
Book Description
When developers seek financial resources for affordable rental housing development, many combine funds generated through the Low-Income Housing Tax Credit (LIHTC) offered by the Internal Revenue Service with housing block grant funds provided through the HOME Investment Partnerships (HOME) Program administered by the U.S. Department of Housing and Urban Development (HUD). This publication, HOME and the Low-Income Housing Tax Credit Guidebook, provides technical guidance to HOME Program Participating Jurisdictions (PJs) on how to assess these HOME-LIHTC applications, and how to comply with the requirements of both programs for the successful development of affordable multifamily rental projects.
Author: Robert A. Moffitt Publisher: University of Chicago Press ISBN: 0226533573 Category : Business & Economics Languages : en Pages : 655
Book Description
Few United States government programs are as controversial as those designed to aid the poor. From tax credits to medical assistance, aid to needy families is surrounded by debate—on what benefits should be offered, what forms they should take, and how they should be administered. The past few decades, in fact, have seen this debate lead to broad transformations of aid programs themselves, with Aid to Families with Dependent Children replaced by Temporary Assistance to Needy Families, the Earned Income Tax Credit growing from a minor program to one of the most important for low-income families, and Medicaid greatly expanding its eligibility. This volume provides a remarkable overview of how such programs actually work, offering an impressive wealth of information on the nation's nine largest "means-tested" programs—that is, those in which some test of income forms the basis for participation. For each program, contributors describe origins and goals, summarize policy histories and current rules, and discuss the recipient's characteristics as well as the different types of benefits they receive. Each chapter then provides an overview of scholarly research on each program, bringing together the results of the field's most rigorous statistical examinations. The result is a fascinating portrayal of the evolution and current state of means-tested programs, one that charts a number of shifts in emphasis—the decline of cash assistance, for instance, and the increasing emphasis on work. This exemplary portrait of the nation's safety net will be an invaluable reference for anyone interested in American social policy.
Author: Brian J. McCabe Publisher: Oxford University Press ISBN: 0190270462 Category : Business & Economics Languages : en Pages : 234
Book Description
In No Place Like Home, Brian McCabe challenges the ideology of homeownership as a tool for building stronger communities and crafting better citizens. McCabe argues that homeowners often engage in their communities as a way to protect their property values, and this participation leads to the politics of exclusion.
Author: Yvette Daniels Publisher: ISBN: 9781634845700 Category : BUSINESS & ECONOMICS Languages : en Pages : 83
Book Description
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.
Author: Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The Low-Income Housing Tax Credit (LIHTC) is a federal provision that reduces the income tax liability of taxpayers claiming the credit. These taxpayers are typically investors in real estate development projects that have traded cash for the tax credits to support the production of affordable housing. The credit is intended to lower the financing costs of housing developments so that the rental prices of units can be lower than market rates, and thus, presumably, affordable. The Gulf Opportunity Zone Act of 2005 (P.L. 109-135) expanded the amount of LIHTC allocation authority for Alabama, Louisiana, and Mississippi. In addition to the 2006 allocation of $1.90 per capita for each state, the LIHTC allocation was increased for 2006, 2007, and 2008. The act also makes an additional $3.5 million in LIHTC authority available to both Texas and Florida in 2006. Other legislation introduced in the 109th Congress proposes additional increases in the allocation authority of the LIHTC. H.R. 2681, the Affordable Housing Tax Credit Enhancement Act of 2005, proposes to double LIHTC authority nationwide. Both H.R. 659 and H.R. 3159, the Community Restoration and Revitalization Acts of 2005, propose increases in, and administrative modifications to, the tax credit in order to target it more directly to low-income communities. This report will be updated as warranted by legislative changes.
Author: Shane Phillips Publisher: Island Press ISBN: 1642831336 Category : Political Science Languages : en Pages : 282
Book Description
From Los Angeles to Boston and Chicago to Miami, US cities are struggling to address the twin crises of high housing costs and household instability. Debates over the appropriate course of action have been defined by two poles: building more housing or enacting stronger tenant protections. These options are often treated as mutually exclusive, with support for one implying opposition to the other. Shane Phillips believes that effectively tackling the housing crisis requires that cities support both tenant protections and housing abundance. He offers readers more than 50 policy recommendations, beginning with a set of principles and general recommendations that should apply to all housing policy. The remaining recommendations are organized by what he calls the Three S’s of Supply, Stability, and Subsidy. Phillips makes a moral and economic case for why each is essential and recommendations for making them work together. There is no single solution to the housing crisis—it will require a comprehensive approach backed by strong, diverse coalitions. The Affordable City is an essential tool for professionals and advocates working to improve affordability and increase community resilience through local action.
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Author: United States. Internal Revenue Service
Author: Mark Shelburne
Author: U. S. Department of Housing and Urban Development
Author: Robert A. Moffitt
Author: Brian J. McCabe
Author: Yvette Daniels
Author: United States. General Accounting Office
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Author: Shane Phillips