Lihtcs encourage private investment in low income rental housing and have financed about 50000 housing units annually since 2010the lihtc program is administered by irs and credit allocating agencies state or local housing finance agencies. The low income housing tax credit lihtc program established under the tax reform act of 1986 is the largest source of federal assistance for developing affordable rental housing and cost an estimated 8 billion in. The low income housing tax credit lihtc program is one of the federal governments 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 . The bill would increase the allocation of low income housing tax credits lihtcs by 50 over a five year period make the 4 tax credit rate floor permanent for acquisition and bond financed projects and establish an income averaging provision
How it works:
1. Register a Free 1 month Trial Account.
2. Download as many books as you like ( Personal use )
3. No Commitment. Cancel anytime.
4. Join Over 100.000 Happy Readers.
5. That's it. What you waiting for? Sign Up and Get Your Books.