Transcription of California's Low-Income Housing Tax Credit - lao.ca.gov
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California's Low-Income Housing Tax Credit - lao.ca.gov
Policy Brief periodic analyses of issues before the Legislature ~. ~. ~=======~~====~~~============ILAO l=. California's Low-Income Housing Tax Credit Better Targeting Could Improve Effectiveness The Low-Income Housing tax Credit In 1989 the Legislature enacted legislation The program complements a federal tax is one of the (58 726, L. Greene) to continue the state Credit program which also works to promote state's major Low-Income Housing tax Credit program as the development of Low-Income Housing . long as a related federal program exists. Both programs are administered by the state's Housing That legislation also requires the Legislative Mortgage Bond and Tax Credit Aliocation programs. Analyst's Office to evaluate the effectiveness Committee (the Committee). The Committee Currently, there is of this program. This policy brief provides aliocates the state and federal tax credits to legislation the evaluation, and makes recommendations projects that meet certain established aiteria.
California's Low-IncomeHousing Tax Credit Better Targeting Could Improve Effectiveness Thelow-income housing tax credit is one ofthe state's major housing programs. Currently, there is legislation ... applicants in the absence of a tax credit allocation.Themainfinding ofoursurvey
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