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Diane Publishing Books
Low-Income Housing Tax Credits: Agencies Implemented Changes Enacted in 2008, but Project Data Collection Could Be Improved
Daniel Garcia-Diaz (au); James R. White (au)
The Internal Revenue Service (IRS) and state housing finance agencies (HFAs) administer the Low-Income Housing Tax Credit (LIHTC) program, the largest source of federal assistance for developing affordable rental housing. HFAs are allocated tax credits on a per capita basis and award them to developers. By acquiring project equity from developers, investors may become eligible for the credits, which offset federal tax liabilities. As part of the Housing and Economic Recovery Act of 2008 (HERA), Congress made changes to the program that included increasing credits allocated to states, setting a temporary floor on the most common LIHTC rate (the portion of eligible project costs for which a developer can receive credits), and giving HFAs more discretion in äóìenhancingäó (i.e., increasing) awards. This report discusses (1) how IRS and selected HFAs implemented the HERA changes; (2) what the Dept. of Housing and Urban Developmentäó»s (HUDäó»s) data show about the number and characteristics of projects completed from 2006 through 2010 and any data limitations; and (3) stakeholdersäó» views on the effects of the HERA changes on LIHTC projects. Tables and figures. This is a print on demand report.
Bridges of Battle: Famous Battlefield Actions at Bridges & River Crossings
Sherlock Holmes Victorian Cookbook: Favourite Recipes of the Great Detective & Dr. Watson
Just Horses: Living with Horses in America
Dress Codes: Meanings & Messages in American Culture
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