low-income housing

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low-income housing

(1) Generically, any housing that is limited to occupancy by persons whose family income does not exceed certain preset maximum levels.(2) For purposes of special tax incentives provided to persons who build or rehabilitate “qualified low income housing projects,”the IRS defines the term as (a) any project in which 20 percent or more of the units are both rent restricted and occupied by persons whose income is 50 percent or less of the area median gross income or (b) one in which 40 percent or more of the units are both rent restricted and occupied by persons whose income is 60 percent or less of the area median gross income.

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Senator Hassan also signed onto the bipartisan Save Affordable Housing Act to close a loophole that currently allows owners of affordable housing property supported by the Low-Income Housing Tax Credit to convert reduced-price units into market rate units after just 15 years.

United States : Senator Hassan Cosponsors Bipartisan Bills to Expand and Preserve Affordable Housing Options

Low-income housing is for those individuals who require bare essential living space.

Comment by invitation: The challenge of five million houses

Under the federal low-income housing tax credit system, states are allocated set amounts of credits, and each state awards the credits to selected projects.

Low-rent housing project proposed

is a trusted syndicator of low-income housing tax credits (LIHTC) that provides financing and equity for affordable multifamily housing throughout the US and its territories.

Alliant Capital closes USD175m tax credit fund

The $26 million project--at $400,000 per apartment--will be financed by a $7 million New York Restore grant; $10 million in federal grants from the Home and Low Income Housing Tax Credits Program and $6.5 million from the New York State Low-Income Housing Tax Credit Program.

Still more public housing underwritten with your $$$

TELECOMWORLDWIRE-May 13, 2014-Cardiff International plans purchase of low-income housing project

Cardiff International plans purchase of low-income housing project

There, the court held that low-income housing tax credits (LIHTC) and accompanying property restrictions affect the amount that a willing buyer would pay to purchase real estate and thus the fair market value of the property.

Federal bankruptcy appellate courts hold low-income housing tax credits affect value of land, ultimately impacting appraisal

A CORPORATION THAT DISPOSES OF REAL PROPerty may be required to increase its tax liability by the amount of recaptured credits with respect to that property, specifically, via a recapture of the investment tax credit or the low-income housing credit.

Avoiding income tax credit recapture by a corporation

Use our interactive map to view the roughly 70 low-income housing projects that bypassed the state's point system and got board-approved for coveted tax credit subsidies over the last decade - subsidies worth a combined $660 million.

Interactive: "Forward Commitment" Low-Income Housing Map

will use $686,300 in federal low-income housing tax credits and another $3,373,913 in program subsidies from the Department of Housing and Community Development for the adaptive reuse of a historic building.

4 developments to get money for jobs, housing

The Wisconsin Housing and Economic Development Authority established the WHEDA Emerging Business Program to encourage the involvement, utilization, and development of emerging businesses in the planning, design, and construction of low-income housing tax credit developments.

Ideal Contractors of Wisconsin Receives Recognition as a WHEDA Emerging Business Enterprise

Affordable housing development fuels economic gains in distressed neighborhoods, according to a new study of New York low-income housing. The study, commissioned by Local Initiatives Support Corporation (LISC) and Enterprise Community Partners, shows affordable housing development is a proven economic stimulus that can expand neighborhood spending power, raise surrounding property values, and help low-income families stabilize their financial situations.