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(Updated November 2012)
The Low-Income Housing Tax Credit (LIHTC) program is run by the IRS and allows companies to invest in low-income housing, while receiving 10 years of tax credits. This important program works with state housing finance agencies to administer the program on a state level. Housing credit units are privately owned by developers and are run at a profit. Investigate this complex program by reading the articles below. (A. Siudzinski, Senior Library Information Specialist)
Background
IRS provides further waivers, relief after Hurricane Sandy, (Tax-News, Nov. 8, 2012).
Low income housing tax credit faces uncertain future, (Minnesota Housing Partnership, Nov. 5, 2012).
LIHTC Basics, (United States Department of Housing and Urban Development, June 8, 2010).
Case Studies & Success Stories
Affordable multifamily segment holds steady, (Atlanta Business Chronicle, Nov. 1, 2012).
40% of LIHTC units house extremely low-income residents, (Affordable Housing Finance, Oct. 26, 2012).
2 Toledo groups show tax-credit works, (The Toledo Blade, June 26, 2012).
eBooks & Other Resources
Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800.874.6500 for assistance.
Recent financing developments relating to affordable housing, mark-to-market, Section 8 vouchers, FHA insurance and low income housing tax credits, (The Real Estate Finance Journal, Winter 2004, p. 18-24).
Recent study sheds light on low-income housing tax credits, (Real Estate Forum, June 2002, p. 70).
Low-income housing tax credit, (Urban Land, Nov. 1997, p. 48-51+).
Field Guides & More
These field guides and other resources in the Virtual Library may also be of interest:
Field Guide to Effects of Low-Income Housing on Surrounding Property Values
Field Guide to Social Benefits of Home Ownership
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