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):

Federal aid to housing.

Low-income housing--Finance.

Low-income housing.

Tax credits.

Physical Description:

1 online resource (1 online resource (10 pages)) : digital, PDF file

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2015.

System Details:

System requirements: PDF reader software.

text file

PDF

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 changed LIHTC rate to not less than 9 percent for new construction placed in service before Dec. 31, 2013. Addresses extensions of HERA under P.L. 112- 240, the American Taxpayer Relief Act of 2012.

Notes:

CRS Report.

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Aug. 2015). Reuse except for individual research requires license from ProQuest, LLC.

Other Format:

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

Access Restriction:

Restricted for use by site license.