Low-Income Housing Tax Credit


Also found in: Acronyms, Wikipedia.

Low-Income Housing Tax Credit

A dollar-for-dollar reduction in one's tax liability due to an investment in a housing complex for low and moderate income persons. The rent on this type of housing is controlled, so return on investment is minimal. The low-income housing tax credit provides some cash flow on these investments; as a result, it accounts for the vast majority of low-income housing investments in the United States. See also: Low-income housing limited partnership.
References in periodicals archive ?
Alliant has long-standing experience with a proven track record of a trusted syndicator of low-income housing tax credits helping developers and investors increase efficiencies in the affordable housing market.
The low-income housing tax credit development participation initiative encourages the utilization of emerging businesses in the planning, design, and construction of low-income housing tax credit developments.
General Accounting Office in 1997 described the low-income housing tax credit program as "the largest federal program for funding the development and rehabilitation of housing for low-income households.
His real estate appraisal experience covers a wide variety of property types, including affordable housing (Section 8) and low-income housing tax credit properties.
Novogradac & Company LLP has announced that it will host The Basics: Introduction to Low-Income Housing Tax Credits Forum, December 7-8 in Las Vegas.
is a nonprofit company formed by LISC in 1987 to promote the development of affordable housing through the low-income housing tax credit.
The partnership will enable developers, property managers, asset managers, and others seeking to earn the premier designation in the Low-Income Housing Tax Credit industry to take the exam through IREM.
He has more than 20 years of lending, mortgage banking, and commercial real estate experience, including FHA, FNMA, conduit, structured finance, as well as bond and low-income housing tax credit financing.
CityScape can also participate in combination historic tax credit and low-income housing tax credit ("LIHTC") transactions in order to maximize the eligible basis and the ultimate equity raise for the developer.
85 million under the Federal Low-Income Housing Tax Credit Program and in addition, provide the developer, John Madden, with a creative construction-bridge loan in the amount of $2.
RCP 30 is the second multi-investor Low-Income Housing Tax Credit ("LIHTC") fund that we have closed this year," commented Marc D.
a longtime developer, owner and financier of mixed-use and mixed-income housing, has been an active participant in housing financed with the low-income housing tax credit, and has been an equity partner with Phipps Houses on nearly 400 units of affordable housing.

Full browser ?