Low-Income Housing Tax Credit


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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 ?
Competition for the low-income housing tax credits is intense.
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.
The report was released shortly after Congress authorized the permanent extension of the nine precent fixed rate low-income housing tax credit.
His real estate appraisal experience covers a wide variety of property types, including affordable housing (Section 8) and low-income housing tax credit properties.
Lamar Place, Mission, KS--The 84-unit complex received $2,500,000 funded under the Fannie Mae DUS[R] Multifamily Affordable Housing (MAH) Low-Income Housing Tax Credit (LIHTC) Loan product line.
In December of 2004, CharterMac announced the formation of a strategic relationship with IXIS upon completion of a Low-Income Housing Tax Credit (LIHTC) fund for which IXIS provided credit intermediation.
According to Black, "GMACCM has extensive experience with HUD, tax-exempt bond and Low-Income Housing Tax Credit financing.
The pool is collateralized by 100% low-income housing tax credit (LIHTC) multifamily properties.
Most properties operate under the project-based Section 8 program Housing Assistance Payment (HAP) contracts; some receive Interest Reduction Payments (IRPs), and all include four percent tax credits (subject to Low-Income Housing Tax Credit regulations).
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.

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