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OverviewThe low-income housing tax credit (LIHTC) program is one of the federal government's primary policy tools for encouraging the development and rehabilitation of affordable rental housing. These non-refundable federal housing tax credits are awarded to developers of qualified rental projects via a competitive application process administered by state housing finance authorities. Developers typically sell their tax credits to outside investors in exchange for equity. Selling the tax credits reduces the debt developers would otherwise have to incur and the equity they would otherwise have to contribute. With lower financing costs, tax credit properties can potentially offer lower, more affordable rents. The LIHTC is estimated to cost the government an average of approximately $7 billion annually. This book discusses LIHTC's fixed subsidy and variable rates; addresses the Internal Revenue Service's oversight of LIHTC; and how LIHTC administration and oversight compare with that of other tax credit programs. Full Product DetailsAuthor: Yvette DanielsPublisher: Nova Science Publishers Inc Imprint: Nova Science Publishers Inc Weight: 0.148kg ISBN: 9781634845694ISBN 10: 1634845692 Pages: 68 Publication Date: 01 March 2016 Audience: College/higher education , Professional and scholarly , Tertiary & Higher Education , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Available To Order ![]() We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately. Table of ContentsPreface; An Introduction to the Low-Income Housing Tax Credit; The Low-Income Housing Tax Credit Program: The Fixed Subsidy & Variable Rate; Low-Income Housing Tax Credit: Joint IRS-HUD Administration Could Help Address Weaknesses in Oversight; Index.ReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |