The Low-Income Housing Tax Credit Program : The Fixed Subsidy and Variable Rate.

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Language:

English

Subjects (All):

Construction industry.

Federal aid to housing.

Interest rates.

Subsidies.

Physical Description:

1 online resource (1 online resource (12 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2012.

System Details:

text file

Summary:

Explains original method for determining low-income housing tax credit (LIHTC) rate, which generates fixed subsidies for rehabilitated and new buildings. Explains relationship between interest rates and LIHTC subsidy, provides example, and covers P.L. 110-289, the Housing and Economic Recovery Act of 2008 (HERA), which temporarily changes LIHTC rate to not less than 9% for new construction placed in service before Dec. 31, 2013. Addresses proposed extensions of HERA, and discusses potential policy options and considerations.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Apr. 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Government Division. Low-Income Housing Tax Credit Program

Access Restriction:

Restricted for use by site license.