Transcription of An Introduction to the Low-Income Housing Tax Credit
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An Introduction to the Low-Income Housing Tax Credit Mark P. Keightley Specialist in Economics March 28, 2018 Congressional Research Service 7-5700 RS22389 An Introduction to the Low-Income Housing Tax Credit Congressional Research Service Summary 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 nonrefundable 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.
An Introduction to the Low-Income Housing Tax Credit Congressional Research Service 1 Overview The low-income housing tax credit (LIHTC) was created by the Tax Reform Act of 1986 (P.L. 99-
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Advanced Topics in Low Income Housing Tax Credits, Housing, Low Income Housing Tax Credit, Low Income Housing Tax Credit 2018 Special Housing, Low Income Housing Tax Credit 2018 Special Housing Need Set Aside Request for Proposals, Income Housing Credit, Housing credit, Income housing tax, Low-Income Housing Credit Allocation, Internal Revenue Service, RENTAL HOUSING CONSTRUCTION TAX CREDIT, RENTAL HOUSING CONSTRUCTION TAX CREDIT PROGRAM, Income Tax, MISSOURI HOUSING, Low-Income Housing Tax Credit, Compliance Procedures, Tax Credit, Tax Credit Compliance Procedures, Income