Low-Income Housing Tax Credit

Elements & Oversight Issues

Buch | Softcover

68 Seiten

2016
Nova Science Publishers Inc (Verlag)
978-1-63484-569-4 (ISBN)

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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.

Preface; An Introduction to the Low-Income Housing Tax Credit; The Low-Income Housing Tax Credit Program: The Fixed Subsidy & Variable Rate; Low-Income Housing Tax Credit: Joint IRS-HUD Administration Could Help Address Weaknesses in Oversight; Index.

Erscheinungsdatum	03.03.2016
Verlagsort	New York
Sprache	englisch
Maße	155 x 230 mm
Gewicht	148 g
Themenwelt	Recht / Steuern ► EU / Internationales Recht
Themenwelt	Recht / Steuern ► Privatrecht / Bürgerliches Recht ► Baurecht (privat)
ISBN-10	1-63484-569-2 / 1634845692
ISBN-13	978-1-63484-569-4 / 9781634845694
Zustand	Neuware