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.
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Prior positions include administrator of the Low Income Housing Tax Credit Program in Maryland and development officer with Enterprise Community Investment.
19 October 2016 - Alabama-based banking provider Regions Bank has acquired the Low Income Housing Tax Credit (LIHTC) corporate fund syndication and asset management businesses of New York-based financial services company First Sterling Financial, Inc, the company said.
Target: First Sterling Financial, Low Income Housing Tax Credit (LIHTC) corporate fund syndication and asset management businesses
Regions Bank, a subsidiary of Regions Financial Corporation (NYSE:RF), has said that it has acquired the Low Income Housing Tax Credit (LIHTC) corporate fund syndication and asset management businesses of First Sterling Financial, Inc.
The NH Housing Finance Authority has ruled that all future units built using the state's Low Income Housing Tax Credit will be required to be 100 percent smoke-free.
Enterprise, a leading provider of development capital for affordable homes has applauded Congressman Jim McDermott for introducing legislation to modernize the Low Income Housing Tax Credit (LIHTC) program, ensuring that affordable housing developments will be able to effectively leverage federal rental and operating subsidies.
Other projects by the company include Low Income Housing Tax Credit Program (LIHTC), which uses tax credits to build and/or rehabilitate low- to moderate-housing developments, which are based on income.
The two principal tools used to launch affordable assisted living projects are the federal Low Income Housing Tax Credit (LIHTC) and tax-exempt bond financing, typically referred to as indirect subsidies.
The Low Income Housing Tax Credit, which offers breaks to private investors who become involved in poor areas, has had a similar effect since it was passed in '86.
In addition to the matters previously disclosed that required the restatements, the Company has concluded, among other things, that it will be required to consolidate substantially all of the low income housing tax credit equity funds it has interests in.
We were encouraged and take as recognition of our work that the final tax reform legislation passed by Congress retained both private activity tax-exempt bonds, including single-family and multifamily housing bonds, and the Low Income Housing Tax Credit, Heckles said in an emailed statement.
The property will feature 300 beautiful one-, two-, and three-bedroom garden-style apartments with 80 percent of the units being rent and income restricted through the Low Income Housing Tax Credit (LIHTC) program.

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