Competition for the
low-income housing tax credits is intense.
To participate, developers must set aside 25 percent of hard costs for
low-income housing tax credit developments in the eligible counties.
677, which make improvements to the Mortgage Revenue Bond and
Low-Income Housing Tax Credit programs, as well as the Renewing the Dream Tax Credit in the administration's FY 2003 budget proposal, which provides for a homeownership tax credit program for the rehabilitation or construction of homes for sale to low- and moderate-income families.
General Accounting Office also reported that the
low-income housing tax credit program was "one of the most successful and efficient federal initiatives ever." Annually, the federal government spends approximately $3 billion on the
low-income housing tax credit program.
A House committee last week dealt a deadly blow to a key housing program, voting to eliminate the
low-income housing tax credit - the program that has served as the most important source of new low income housing construction in cities this decade.
Low-Income Housing Tax Credit Handbook, by Michael J.
Duncan's greatest strength is his expertise in securing
low-income housing tax credit money, board member Ruth Stephens said.
California-based
low-income housing tax credit syndicator (LIHTC) Alliant Capital, Ltd.
Lewis and Clark Apartments, LP, the debtor, owned an apartment complex that was a
Low-Income Housing Tax Credit (LIHTC) program property.
The Internal Revenue Service (IRS) on May 2 issued final regulations (TD 9587) regarding owners' requests to housing credit agencies to obtain qualified contracts for the purpose of acquiring a
Low-Income Housing Tax Credit (LIHTC) property.
Pointing to the continuing drop in housing affordability, the group wants the
low-income housing tax credit increased and recommends the government use tax credits to encourage development of new technology in homes.
Additionally, we received funding and were awarded a
low-income housing tax credit from the Pennsylvania Housing and Finance Agency.
