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 ?
The point of Low Income Housing Tax Credit is to build and sustain desperately needed affordable housing for the long term, said Representative Beyer.
Regions Bank is a participant in affordable housing finance through the Low Income Housing Tax Credits (LIHTC) Program and provides comprehensive real estate corporate banking and capital management services to meet the debt and capital needs of developers and investors.
This year marks 20 years in business and $1 billion of investment in Native communities with the Low Income Housing Tax Credit (LIHTC) program and the New Markets Tax Credit (NMTC) program.
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.
"But I'm not sure the banks would be back if not for CRA." 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.
Charles Rangel (D-N.Y.) to strip from the bill the elimination of the low income housing tax credit. The proposal by Rep.
The New Jersey Housing and Mortgage Finance Agency has awarded more than $28 million in the federal Low Income Housing Tax Credit program to create more than 1,400 affordable apartments for families, seniors and special-needs residents in 12 counties.The New Jersey Housing and Mortgage Finance Agency has awarded more than $28 million in the federal Low Income Housing Tax Credit program to create more than 1,400 affordable apartments for families, seniors and special-needs residents in 12 counties.
Prior positions include administrator of the Low Income Housing Tax Credit Program in Maryland and development officer with Enterprise Community Investment.
to provide $9 million of Low Income Housing Tax Credit (LIHTC) equity to support the construction of Downtown View, a unique, high-quality Minneapolis housing development for homeless youth.
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.
The bank had invested in Merritt Community Capital Fund XIII LP, a low income housing tax credit (LIHTC) multi-investor fund, helping it raise its largest LIHTC fund in 21 years.
The SHCM certification is designed by management professionals for management professionals of properties developed and operated under the Low Income Housing Tax Credit (LIHTC) program.

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