An Introduction to the Design of the Low-Income Housing Tax Credit
Description:
This report discusses the Low-Income Housing Tax Credit (LIHTC), which is a federal provision that reduces the income tax liability of taxpayers claiming the credit. These taxpayers are typically investors in real estate development projects that have traded cash for the tax credits to support the production of affordable housing. The credit is intended to lower the financing costs of housing developments so that the rental prices of units can be lower than market rates, and thus, presumably, a…
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Date:
June 20, 2008
Creator:
Keightley, Mark P.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department